The reporter learned on July 6, 2011 that Toyo Tire & Rubber Co. of Japan announced that the company has completed the sale of the Chinese tire manufacturer Shandong Silverstone Luhe Rubber & TyreCo. .) 75% of the acquisition of shares, and obtained the business license issued by the Shandong Provincial Administration for Industry and Commerce.
Silverstone Luhe Rubber Tyre Co., Ltd. is located in Zhucheng, Shandong Province, China. The company has now changed its name to Toyo Tire (Zhucheng) Co., Ltd. (Toyo Tire (Zhucheng) Co., Ltd.). In the future, the company's factory will be responsible for the production of automobile tires.
Toyo Tire said that through this acquisition, the company can supply truck and passenger tires to customers through Shandong Yinshi Luhe Rubber Tire Co., Ltd., and supply passenger tires to customers through the new Jiangsu plant under construction.
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