Toyo Tire sells Zhangjiakou tyre factory
Japanese tyre manufacturer Toyo Tire will sell its plant in Zhangjiagang, China, to Liaoning Hengdasheng Investment by the end of June. According to the equity transfer decision agreement signed by the two parties, Toyo Tire transferred 86 per cent of the shares of the Zhangjiagang plant. Liaoning Hengdasheng Investment is Toyo Tire’s sales partner.