IPOH: Japanese tyre maker Toyo Tire & Rubber Co Ltd, which has taken over Taiping-based Silverstone Bhd, aims to increase its annual production to 15 million units in the next five years, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said yesterday.
He said Toyo Tire, which has acquired 100% equity in Silverstone, would invest RM1.2bil to expand its operations in Asia.
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