Doublestar Group Announces Antonio Smith as the New General Director for Spain and Portugal

Doublestar

Qingdao Doublestar Group, the largest Chinese tyre manufactuer and one of the 500 biggest companies in Asia, recently named Antonio Smith Montero as the new General Director for the company in Spain and Portugal. With this announcement, the company well-known for its popular brands such as Doublestar, Crossleader, Aosen and the recently acquired Kumho Tire, has underlined its commitment to the Iberian tyre market.

Antonio Smith, New General Director for Doublestar in Spain and Portugal

Antonio Smith stated, “This for me, is an honour and a challenge that the main tyre manufacturer in China has placed its faith and confidence in me to distribute and market its brands across Spain and Portugal. I have confidence in the fact that over the coming months, Doublestar’s tyres will become recognised in the Iberian market as a product that delivers high levels of trust and safety. We want to apply the motto of the company and “build the safest passenger tyre brand in the world.” Additionally, he emphasised: “we have important expansion plans for the group brand in Spain and Portugal that we are eager to make public.”

In this regard, Antonio Smith has further stressed that Doublestar’s products are manufactured in line with the requirements of European labelling, with attractive tyre designs, through the most modern production standards as shown by its state-of-the art intelligent 4.0 manufacturing plant.

It should be recalled that last July, the Qingdao Doublestar Group completed the acquisition of a 45% stake in the Korean tyre manufacturer, Kumho Tire Co. Inc. Double and its Korean filial Xingwei Korea Co. Ltd. signed a contract in April with the Korea Development Bank in order to purchase a stake of KDB in Kumho Tire with 607 million dollars. With that in mind, Doublestar became the major shareholder in Kumho Tire, while KDG and other creditors of Kumho will continue being the second major shareholder in the company, owning a 23% share. The remaining 22% of Kumho Tire will stay in private ownership.

About the author

Richard Wilson is the deputy editor for Commercial Tyre Business. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Truck and Bus News. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richardjwilson@btconnect.com

Phone: (44) 1270 668 718

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