Lion Forest to Buy Silverstone

According to the statement, LionFIB said Silverstone Bhd’s manufacturing facilities in Taiping had a production capacity of about 2.3 million tyres a year. The products are exported to more than 60 countries, including Australia, Japan, France, Germany and Great Britain. There had previously been suggestions that Lion Forest might take over Silverstone Bhd, according to one analyst, The Star reported. Lion Forest had announced in December that it would be investing in a joint venture tyre operating company in China and acquiring the brand name Silverstone for use in that country. This was an indication that LionFIB might be a vehicle for the Lion group’s tyre interests, he said.