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Toyo Sells Australian Parts Business

(Staffordshire, U.K./Tyres & Accessories) Toyo Tire & Rubber Co. has announced the sale of its Australian subsidiary’s automotive interior parts business.

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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.

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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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