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Toyo closes loss-making Silverstone tyre plant in Malaysia

Author: Chris Anthony Comments: 0
In future Silverstone branded tyres will be made at Toyo’s other Malaysian tyre factory (Photo: Silverstone)

Toyo Tire Corporation is closing its loss-making wholly-owned Silverstone Berhad Malaysian tyre manufacturing subsidiary in June 2021. Established on 12 July 1986 and purchased by Toyo in 2011, Silverstone currently manufactures tyres for (primarily Malaysian) new vehicles and Silverstone branded tyres for the aftermarket as well as certain Toyo branded tyres. The dissolution of the Silverstone subsidiary (Silverstone Berhad) will commence by 31 December 2021.

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