CONTINENTAL ACQUIRES OUTSTANDING SHARES OF ITS MALAYSIAN TYRE BUSINESS
KUALA LUMPUR, 14 May 2012 — Continental, one of the leading international automotive suppliers and the world’s fourth largest tyre manufacturer, has acquired the outstanding 30 percent of the shares of Continental Sime Tyre Sdn. Bhd. from its Joint Venture partner Sime Darby Allied Products Berhad. Continental Sime Tyre Sdn. Bhd. has now become a fully owned subsidiary of Continental Corporation and will be renamed as Continental Tyre Malaysia Sdn. Bhd. The transaction underlines the long term interest and the commitment of Continental to ASEAN and to the Asia Pacific Region.
In Malaysia, Continental operates two tyre manufacturing facilities. One located in Petaling Jaya where Truck and Bus Radial as well as OTR tyres for agricultural and industrial use are produced. The other facility is located in Alor Star where the company manufactures several brands of Passenger and Light Truck Radial tyres as well as motorcycle tyres. The Tyre division in Malaysia employs approximately 2,500 people.
Continental operates the largest tyre dealer distribution network, including more than 1,200 tyre outlets that provide a wide range of tyres and services to motorists throughout the country.
The company operates a Technology Centre in Petaling Jaya that transmits Continental’s latest tyre technology to Continental’s factories in Alor Star and Petaling Jaya. Its laboratories are accredited with ISO/IEC 17025 certifications.
Continental Automotive Malaysia has more than 25 years of experience in the automotive industry. In 1985, it started producing instrument clusters for the first Proton Saga model. Today it includes major OEM automakers locally and globally. Currently, Continental is also the sole supplier for instrument clusters for almost all car models of Perodua and Proton, including Proton’s newest model. With its manufacturing plant in Prai, Penang, Continental has a complete range of efficient R&D facilities and produces also electronic and electro-mechanical automotive products such as modular fuel supply units, body control modules, electronic control units for different automotive applications, and engine management systems.