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American Car-Care Product Maker Meguiar's Eyes 50 Percent Growth in Asia.
Byline: Somporn Thapanachai
Oct. 3--Meguiar's Inc, a leading American premium car-care product manufacturer, anticipates annual growth of at least 50 percent in Asia due to the increasing popularity of professional car care in the region.
Tom Muldowney, Meguiar's managing director for international headquarters in Hong Kong, said the company's average growth was 56 percent last year. Asian operations outperformed the average, unlike countries in Europe where the market had become saturated.
He said more people in Asia were taking up an urban lifestyle in which they had little time to care for their own cars and preferred to obtain services from ...
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Source: HighBeam Research, American Car-Care Product Maker Meguiar's Eyes 50 Percent Growth in...