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Monday, December 13, 2010

Toyo completes Silverstone acquisition



Toyo Tire & Rubber Co. Ltd. has completed the acquisition of all shares in Malaysia-based tire maker Silverstone Berhad.

Toyo said it acquired 203.9 million shares and that the purchase will have a negligible effect on its financial results for the fiscal year ending March 31, 2011.

Silverstone employs approximately 1,400.



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