May 14, 2012

Conti buys 100% control of Malaysian tyre business


KUALA LUMPUR (May 14, 2012) — Continental A.G. has acquired the outstanding 30 percent of the shares of its Continental Sime Tyre Sdn. Bhd. venture in Malaysia from its joint venture partner

Sime Darby Allied Products Berhad.




Financial terms of the deal were not disclosed. Continental paid $31 million in 2003 for a 30-percent in the Sime Darby unit, then increased its share to 51 percent in 2004 and then to 70 percent in 2006 for undisclosed sums.

Continental will rename the venture Continental Tyre Malaysia Sdn. Bhd. Conti said the transaction underlines the long term interest and the commitment of Continental to the Asia Pacific Region.

Continental operates two tire plants in Malaysia in Petaling Jaya, for truck and bus radaisls, and agricultural, industrial and OTR tires, and Alor Satar, for passenger and light truck radials and motorcycle tires, along with a technology center at the Petaling Jaya factory.

The company has 2,500 employees and operates the largest tire dealer distribution network in Malaysia, including more than 1,200 outlets.






1001 - 2000 Employees

Continental Tyre PJ Malaysia Sdn. Bhd.


3rd Floor Sime Darby Technology Centre
4, Jalan Tandang
46050 Petaling Jaya
Selangor, Malaysia




Continental UltraContact UC6 SUV units, but made in Malaysia instead of China.






-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Goodyear Malaysia Berhad


Goodyear Marketing & Sales Snd. Bhd.


Kuala Lumpur Consumer Tires, Commercial Tires, Agricultural Tires, OTR Tires

Goodyear Malaysia is one of the world’s top tire manufacturing company and has achieved excellent performance in both sales and technology. In October 1992, the company became the first Goodyear tyre plant to be certified for ISO 9002 standards, in 2002 it obtained the QS9000 and ISO14001 certifications followed by ISO / TS 16949 certification in 2003.

Another proud milestone for us is our contribution to the country’s industrialization era. Goodyear was the tire brand to be fitted in Malaysia’s first locally produced car, Proton Saga back in 1985.

The company continue to become the market leader in tire making and it is a preferred brand by Malaysia’s Original Equipment Manufacturers. Having fulfilled their high quality standard, Goodyear tires have been chosen as a standard tires for passenger and recreational vehicles for local brands – Proton, Perodua and Naza as well as the world’s leading manufacturers such as Honda, Hyundai, Volkswagen, and many more to join Goodyear rank.

This post has been edited by plouffle0789: Sep 19 2020, 04:30 PM

/k 20k club onry buy michelin ps4

Michelin > Conti.

some bmw still use conti

R20 or R19 buy PS4 is richfag,

Those R15, R16 anyone can buy. Not so very expensive

For normal use Goodyear and Conti ok la. but I heard CC5/CC6 not as good as XM2 from tayar shop.

price of course xm2 more exp.

ComfortContact CC6 how much?

I saw silverstone kilang in taiping. And it looks like jepunis brand.

Dunlop I know is mainly from Thailand.

How about Bridgestone, Michelin and Pirelli?

Where does their rubber source come from mainly?

You trust the words of tayar man ?

Lol.

Michelin ftw

Michellin PS4

Kat mana ni Alor Satar?

Hmmm...

SILVERSTONE BERHAD
Company No.: 198601005353 (154513-A)

Lot 5831, Kawasan Perusahaan Kamunting II,
34600 Kamunting, Taiping, Perak, Malaysia.



Sale of Silverstone could lift LFIB’s cash to over RM800m


October 22, 2010


KUALA LUMPUR: Tycoon Tan Sri William Cheng is selling local tyre business, Silverstone Bhd, to Toyo Tire & Rubber Co Ltd, Japan’s fourth largest tyre manufacturer, for RM462 million.


The Japanese tyre maker will buy over a 100% equity stake in Silverstone Bhd. Lion Forest Industries Bhd (LFIB) owns an 84.16% stake in Silverstone.



NOW BECOME
LION POSIM BERHAD



The deal values Silverstone at 1.62 times its consolidated net assets of RM285.67 million as at June 30, and 13.76 times its net profit of RM33.57 million. It is learned that Silverstone has minimal borrowings of about RM20 million.



The proposed divestment is expected to boost LFIB’s cash pile to RM869.4 million, or RM3.77 gross cash per share. LFIB’s share price closed one sen lower at RM2.09 yesterday, which gave the company a market value of RM483.98 million. Its net asset per share was RM4.68 as at June 30. LFIB was holding RM407.38 million in cash as at June 30, against total borrowings of RM36.58 million.


Nonetheless, a portion of its current cash pile is being held in an escrow account as a contingency fund for the claims sought in several legal suits filed over the timber concession it held previously in Sabah.


For LFIB, the proposed deal is expected to result in an estimated gain of about RM140 million for FY2011 ending June 30, which translates to an increase in earnings per share of about 60 sen, the company said in an announcement to Bursa Malaysia yesterday.
“The Silverstone deal is Toyo Tire’s first ever cross-border acquisition. The timing was right for the company to expand its reach with the strengthening of the yen,” said a source close to the deal.



Currently, Toyo Tire is working on the third phase of expansion of its manufacturing facility in North America and has commenced construction of a tyre manufacturing plant in China.



“Through the acquisition of Silverstone, the company is now positioned to make a full scale entry into the fast-growing Southeast Asia market,” said Toyo Tire in a statement issued yesterday.
It is learnt that Toyo Tire had negotiated with the Lion group for a few weeks before a deal was made. Nomura is the sole financial adviser to Toyo Tire in the deal.



In its statement, Toyo Tire adds that it plans to commence production of Toyo and Nitto brand tyres at Silverstone’s facility in Malaysia, while building an export distribution network centred on Asia. It also has plans to “further improve the quality of the Silverstone brand tyre, with the goal of expanding sales throughout Asia”.


With FY2010 revenue of RM433.49 million, Silverstone commands a 17% share of the overall tyre market in Malaysia. Eighty per cent of its sales were from the domestic

market with the remaining 20% from exports, an area in Silverstone which Toyo Tire is looking at strengthening, said a source.
On the use of the “Silverstone” brand by LFIB’s tyre manufacturing operations in China, the source says Toyo Tire would work out a separate arrangement with LFIB on the matter. LFIB’s tyre operation in China is held under a different subsidiary,

Shandong Silverstone LuHe Rubber & Tyre Co Ltd. The China business is not a part of Silverstone that is being sold to Toyo Tire.
Both LFIB and Toyo Tire expect the Silverstone deal to be completed by the end of January next year.



Following the disposal of Silverstone, LFIB will be left with its tyre manufacturing operations in China, trading and distribution of building materials such as steel bars, cement, roofing and wall tiles, and distribution of petroleum-based products and automotive components.
LFIB posted a net profit of RM163.75 million or 65.38 sen a share for FY2010, on revenue of RM873.62 million.

Biggest Rubber Producing Countries and History Of Rubber Production
https://www.businessinsidertoday.com/bigges...ber-production/

HUH???

what company?

Thailand, Indonesia, India and Vietnam going to flood the world with rubber gloves after this when the see how lucrative our gloves industry is.

160 cc6 Vs 200 xm2

Goodyear rm155
My wira just change at last year

Continental so cheap??

Seems made in malayaia very good

Love my Michelin tyres made in Italy

Local better.

Conti mc6 is the best
Design and engineering led by Malaysian girl.
Design for msian roads.

No regrets.

Xm2 last longer than cc6 according to user feedback.

Michelin is a French multinational tyre manufacturer based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest tyre manufacturer in the world after Bridgestone and larger than both Goodyear and Continental. Wikipedia



Founded: 28 May 1889, Clermont-Ferrand, France





Not france???

Are you sure is italy but not thailand,indonesia,china???

who is the girl?

Quite hggggghnnnn

Lol

Buy tyres the main concern is having good grip .
Not about how long it lasts.

no name??

It's a French brand

Manufacturing plant is every where

Just like the Bridgestone potenza re050a I used is made in Poland.

Why not you ask Bobby ?

Yup, it’s made in Italy as stated on the tyre

how much??

Can share photo?

Front per piece 1,220 and back 1,290





This post has been edited by kkkw80: Sep 20 2020, 04:25 PM

ah

Lowyat t20 level people spotted

Bmw 3 series???

Jealous you...

😆 Nope, 5 series G30

i use westlake and sailun only

Continental sucks. No thanks.

Lulz what he said is partly true.
Xm2 last longer due to harder compound.
Cc6 is more comfort from majority comparison

Michelin chipping on msia roads

Bridgestone potenza or none

ampang jajar..dekat-dekat dengan MADA

sadly there's no more malaysian owned tyre manufacturers in malaysia after the acquisition of silverstone by toyo tires

So dark. Stupid camera.

The cars also on
No thanks

This girl sweet huh

Lol.

How bad?

Aqua planning bad.