Malaysian operation now a full Conti subsidiary

Since 2003, Continental has held an increasing share in the Malaysian tyre business it ran together with Sime Darby Allied Products Berhad. Now the German company has acquired the outstanding 30 per cent share in Continental Sime Tyre Sdn. Bhd still owned by its joint venture partner, and the operation has become a fully-owned subsidiary of Continental Corporation. To mark the business’s 100 per cent Conti-owned status, it has been renamed Continental Tyre Malaysia Sdn. Bhd. Upon reporting the transaction, Conti comments that the share acquisition underlines the “long term interest and the commitment of Continental to Asean and to the Asia Pacific Region.”

Continental operates two tyre factories in Malaysia, a truck and bus radial and OTR tyre plant in Petaling Jaya and a facility in Alor Star where the company manufactures several brands of passenger car and light truck radials as well as motorcycle tyres. Approximately 2,500 people are employed within Continental’s tyre division in Malaysia. The company also operates Malaysia’s largest tyre dealer distribution network, comprised of more than 1,200 tyre outlets, and runs an ISO/IEC 17025 accredited Technology Centre in Petaling Jaya.