Toyo Tire & Rubber Co., Ltd. has announced which it will acquire all of a shares of Malaysia-based tire manufacturer Silverstone Berhad. The association has additionally sealed a batch squeeze agreement with Silverstone's solitary shareholder, Silverstone Corporation Berhad.
As partial of a long-term global plan, a association is right away during work upon a third proviso enlargement of a Toyo Tire North America Manufacturing Inc. facility in a US, as well as has commenced construction of a China tire prolongation plant during Toyo Tires Zhangjiagang Co., Ltd. Through this merger of Silverstone, Toyo Tires is right away positioned to have a full-scale entry in to a Southeast Middle East market.
Toyo Tires skeleton to embark prolongation of Toyo as well as Nitto brand tires during this new subsidiary as soon as practicable, whilst office building an trade distribution n etwork centered upon Asia.
Toyo Tires additionally has skeleton to serve improve a peculiarity of a Silverstone brand tire, with a idea of expanding sales via Asia.
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