Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently outlined the approach that the company will take going forward, including on the direction of the company’s next five-year medium-term management plan, which is slated to start in fiscal 2021. While Toyo Tires’ current five-year plan touts lofty goals of reaching high numerical targets, Shimizu noted that for the upcoming plan, the...
Toyo Tire Corp. (TYO:5105) is planning to launch an additional 13 sizes for its Celsius series of all-weather tires in the Japanese market. The new sizes are being prepared for rollout starting this November. The Celsius series has been performing well in the market, capitalizing on customer desires to cut down on the need for maintenance, such as the need...
Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently revealed that his company is performing well in the U.S. market, giving insight into the company’s operations here as part of a recent results announcement for the first half of calendar 2020. Commenting on these regional operations, Shimizu said that things are going quite well for Toyo Tires in the U.S., with...
Toyo Tire Corp. (TYO:5105) is planning an Aug. 1 launch in Japan for the Delvex M935, a studless tire model to be made available in 14 sizes. In designing the Delvex M935, Toyo Tires strove for high levels of both ice performance and wear resistance for use with light trucks running on winter roads, where conditions are continually changing. The...
Toyo Tire Corp. (TYO:5105) has developed new technologies that are able to predict the characteristics and optimize the structures of rubber materials. The company is positioning these as part of Nano Balance Technology, a proprietary platform for rubber material development. To power these new technologies, Toyo Tires is employing materials informatics (MI), a field that utilizes the likes of AI...
Toyo Tire Corp. (TYO:5105) has resumed regular operations at its Sendai Plant in Iwanuma, Miyagi Prefecture, getting back to normal here on April 10 as planned. Toyo Tires had previously been limiting the Sendai Plant’s production in an effort to deal with the global tire demand slump brought about by COVID-19. This saw the plant’s production reduced over April 3–9...
