China: Toyo Tire to acquire 75% of Shandong Silverstone

Toyo Tire & Rubber has announced that it is to acquire a 75% equity interest in China-based tyre manufacturer Shandong Silverstone Luhe Rubber & Tyre (SSLRT). The acquisition price is US$21.59m and the deal is expected to conclude in early June 2011. SSLRT is based in the Luzhou Zhucheng River Industrial Subscribe to Automotive World … Continued

• By Webmaster
• April 13, 2011