CAP Begins Supplying Flat Wipers to T, North America’s Third-Largest Wiper Manufacturer
CAP will supply 160,000 flat wipers to Company T, which holds the third-largest share in the North American wiper market.
According to CAP on September 21, starting with the first shipment this month, the company plans to expand supply volume to 200,000 units per month from next month. Considering the North American wiper market share of this client company, continuous expansion of supply volume is expected going forward.
The client company is a business that supplies automotive parts and accessories, ranking third in the North American wiper segment. Through this new supply contract, CAP has expanded its client base in North America—its primary market. The North American wiper market is the world’s largest, with a well-developed aftermarket driven by strong replacement demand.
In the domestic market, CAP has also secured Tirebank—which operates around 500 tire fitting specialty shops nationwide—as a new client, and began supplying hybrid wipers in August. Sales results at longstanding distribution channels such as major discount stores including E-Mart and Lotte Mart, as well as specialty automotive supply and maintenance retailers like Speedmate, are also increasing, signaling ongoing growth in domestic sales.
The company currently supplies wipers to over 40 countries worldwide and maintains a full lineup of conventional, flat, and hybrid wiper types. In particular, it is continuously increasing the sales proportion of high-value-added flat and hybrid products.
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A CAP representative said, "By securing this new client, we now supply two out of the top three companies in our core market, the North American wiper sector. We plan to strengthen our stable growth base by continuously acquiring new customers and diversifying our client portfolio."
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