Air spring manufacturer Firestone Industrial Products announced an expanded presence in the Asia-Pacific market with the establishment of a strategic business unit headquartered in Gurgaon, India.
“In the last two decades, Firestone Industrial Products has made significant contributions to the Asia-Pacific air springs market,” says Arun Kumar, managing director, Firestone Industrial Products Asia. “Establishing an enhanced presence with the SBU is a testimony of our continued commitment to serve and strengthen these growing markets on a local level.”
Currently the SBU oversees the operation of two companies – Beijing Firestone, China, and Firestone TVS, India, a joint venture since 2007. The SBU facilitates product distribution in Australia, South Korea, Hong Kong, Thailand, Malaysia, Indonesia, Taiwan, Singapore, Philippines and Vietnam. The office also is home to the region’s sales, marketing, engineering, customer service and finance teams.
“India and China are two of the fastest-growing economies in the world, playing a dominant role in the Asian market,” says Kumar. “India’s deep-rooted banking, legal and corporate structures make it an ideal home for our Asia-Pacific headquarters.”
