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Toyo Sells Australian Parts Business

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Toyo Tire & Rubber have announced the sale of their Australian subsidiary’s automotive interior parts business. This move comes eight years after the parent company in Japan discontinued its involvement in the automotive interior parts business. The Australian subsidiary, Toyo Tyre & Rubber Australia Ltd, will now focus solely upon its tyre sales and distribution role.

The transfer sees the company’s facilities in Sunshine, Victoria changing hands, along with 69 Automotive Interior Parts Business employees. Toyo has not released specific details regarding the division’s new owners.

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