Entrepreneurs claim Asia's first tyre retail portal

ERJ staff report (DS)

Singapore -- Tyrepac Pte. Ltd., Asia' has launched an internet retail portal which is hopes will, "revolutionise the tyre industry in this region". Backed by S$2 million (euro 1 million) in seed funds from various investors, Tyrepac will be launching its services throughout the region starting with Singapore as its headquarters.

The portal has been operating in Singapore since November 2008. The company plans to launch in Malaysia and Korea during March 2009, with further openings in China, Thailand and Hong Kong by June 2009. Thereafter, the company hopes to move into Indonesia, India, Philippines, Japan, Australia and New Zealand.

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.”

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Websiteof Tyrepac

Press release from TyrePac