From Staff & Wire Reports
TAIWAN — To mark the 50th anniversary of Taiwan-based Federal Corp., supplier of the Federal tire brand, Federal’s president, Jamie Ma, offered remarks about the company’s history and its future.
2004 was Federal’s 50th year in business. In late November, Ma spoke about the company’s background, global ambitions and general plans for the future.
First, the tire manufacturer plans to introduce its ultra-high performance tires to the European market. “The extended territory and market size of the EU provide a considerable growth potential, and Federal plans to explore every new opportunity in this area,” said Ma.
Secondly, several tire lines will be expanded, including the Couragia and the UHP family. Ma said the successor to the SS595 UHP tire would be launched in the near future. He also said an SUV version of the Couragia S/U tire would be launched in M/T and H/T versions in 2005.
Ma also noted the high potential of Federal’s tire plant in China. “Capacity has grown from 1.5 million units as of year-end 2003 to 2.5 million in 2004,” he said, and added: “This figure will soar to 3.5 million by 2005, and the trend will continue until Federal’s total capacity, including its Taiwan plant, reaches 8 million units.”
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