Stamford Keeps Moving With Wheel Production
For the Stamford group Tyrexpo Asia has been a fixed event from the start, with both the company and exhibition being based in Singapore. Stamford, which is also listed on the Singapore stock exchange, is not only known within the tyre industry for its global wholesaling business; during the last three years it has also become very well known through its own wheel production activities. In 2004 Stamford Tyres began operating its Thai subsidiary Stamford Sport Wheels (SSW), which produces light alloy wheels in a low-pressure casting process. But because the new factory is already operating up to its capacity limits, the company is currently investing another 20 million US dollars in order to establish a second wheel factory on the same site near Thailand’s capital Bangkok, says Roger Chang, CEO of Stamford Sport Wheels Co. Ltd.
The initial plans to build its own factory arose when demand for Stamford’s private brand was growing ever stronger at a time when suitable offtake partners possessing additional capacities in the region were becoming more and more difficult to find. This led to the decision to trust in its own capabilities to install and operate a wheel factory rather than continuously exist in a state of uncertainty with regards to the supply situation, the CEO told Tyres & Accessories during an interview at Tyrexpo Asia in Singapore: “The supply situation with light alloy wheels had become an issue.” Consequently, the wholesaler and retailer decided to also become a manufacturer. Thus, since the beginning of 2004 Stamford has operated its SSW factory in Thailand and maintains about 300 employees there. These staff produce about 400,000 light alloy wheels in sizes up to 24 inches per year.