For the second year running, Cheng Shin Rubber Ind. Co. Ltd., trading as Maxxis International, has been named one of Asia’s Fab 50 Companies by Forbes magazine.
In explaining Maxxis’ inclusion on the list, Forbes cited the company’s record-high revenue in 2012, boosted by demand in emerging markets including India, China and Indonesia. Forbes also noted that Maxxis’ net profit grew by 86% last year, to $530 million. Maxxis was one of four Taiwanese firms to make the list, which was published in the September edition of Forbes Asia.
To compile the list, Forbes examined 1,220 companies in the Asia-Pacific region with a minimum of $3 billion in annual revenue or market capitalisation. Revenue, earnings, returns on capital, share-price movement and outlook were among the factors considered by Forbes.
Maxxis is honoured to be named on this prestigious list for a second consecutive year, and thanks Forbes for this recognition. Maxxis also thanks its more than 25,000 employees around the world for their enthusiasm, creativity and hard work which make the company’s success possible.
To read more about Forbes’ Asia’s Fab 50 list, please visit http://www.forbes.com/sites/scottdecarlo/2013/08/28/2013-asias-fab-50/.