Toyo Tire’s new Serbian plant has started operation on July 27 and made its first shipment of 500 light truck tires (LTR) to the U.S. on August 9. President Takashi Shimizu said he intends to produce around 400,000 units by the end of this year, giving priority to the U.S., where there are many back orders. The plant has an...
The Japan Automobile Tyre Manufacturers Association (JATMA) appointed a new chairman and vice chairman at its annual general meeting on May 26, 2020. Masahiro Higashi of Bridgestone Corp. (TYO:5108) has replaced Takashi Shimizu of Toyo Tire Corp. (TYO:5105) as chairman, while Masataka Yamaishi of Yokohama Rubber Co. Ltd. (TYO:5101) has taken over from Bridgestone’s Akihiro Eto as vice chairman. This...
Toyo Tire Corp. (TYO:5105) has announced that it will be raising prices on domestic aftermarket tire shipments from Aug. 1 onward. This comes as factors such as a labor shortage prompt a surge in distribution costs for the sector – a trend that looks set to continue going forward. The company has outlined a price hike of 3 percent to...
Toyo Tire Corp. (TYO:5105) and Mitsubishi Corp. (TYO:8058) have gotten started with efforts aimed at drawing out synergy between their two companies. This follows the pair having agreed to an increased capital partnership late last year. Looking to bring about synergy between their companies at an early stage, Toyo Tires and Mitsubishi have started up seven collaborative task forces relating...
Toyo Retread recorded its all-time highest production volumes and best ever sales last year at its factory in Otaru, Hokkaido. An important reason for this was that tire casings – the base material for retreaded tires – could be easily obtained. Tire casings have become more readily available because of an increase in the number of factories manufacturing new tires...
Toyo Tire and Rubber Co. Ltd. (TYO:5105) has brought to market a new tire in the Tranpath minivan tire series: the Tranpath ML. This tire is aimed specifically at the mid-range minivan market. It offers good running stability, wear resistance and fuel efficiency, which are all requirements of minivan tires. During the development of the rubber materials used in the...
