Asian ‘Tyrepac’ Retail Tyre Portal Officially Launched
February 19 marked the official launch of Asia’s first online retail tyre portal, Tyrepac Pte. Ltd. Backed by S$2 million (£906,000) in seed funds from various investors, Tyrepac plans to offer services throughout the region, commencing in its home territory of Singapore. The company will expand its services to Malaysia, South Korea, China, Hong Kong and Thailand by the first half of this year.
Mr Ler Hwee Tiong, managing director and co-founder of Tyrepac, said, “There will always be a demand for tyres, since every motor vehicle, old or new, will need to have their tyres replaced depending on usage and driver requirements. In today’s competitive marketplace, we want to be able to provide motorists with a single platform that is convenient, has a comprehensive range of tyres, and offers transparent pricing for all products so that our customers can truly enjoy one-stop service that meets individual needs.”