Maxxis International has reported another strong year of growth for the 12 months to January 2013.
Results from the last financial year show Maxxis tire sales figures surpassing $4.5 billion for the first time, up over $2 billion in the last five years alone. The company reports that despite an adverse global economy and substantial investment in research and development, increased manufacturing capacity, its new academy and latest testing facilities, Maxxis has still succeeded in posting net earnings of well over $1 billion.
According to U.K. managing director Derek McMartin, these results are just the latest stage in a meteoric rise for the Asian-based manufacturer. “We’ve been making good progress up the global tire company rankings for a long time and have been in the top 10 for over five years now. In these turbulent times, it will be interesting to see how we have fared against our competitors, and where we would have been had we not invested so much on future proofing our place amongst the elite. Demand for our products continues on an upward spiral and we have moved to meet this by almost doubling our production output.
“We are making good headway in the European OE sector, and I think these figures will have a few eyebrows twitching, and a few of the more established ‘big names’ looking at us as very closely in the coming months.”
Maxxis International was established in 1967 and has developed a wide range that caters for automotive, light truck, motorcycle, ATV, bicycle, turf, trailer and industrial use. The company distributes its products in approximately 170 countries and operates from bases in Asia, Europe and North America, including research and development centers in Taiwan, China, the U.S. and the Netherlands. (Tyres & Accessories)
