Toyo Tire and Rubber Co. Ltd. (TYO:5105) said that tire production volume at its automobile tire manufacturing subsidiary in Malaysia has exceeded a total of 10 million units. Toyo Tyre Malaysia Sdn Bhd functions as a global hub for supplying not just Southeast Asia, but also others market segments, including Europe, Japan and North America. The subsidiary was established in Malaysia’s...
Toyo Tire and Rubber Co. Ltd. (TYO:5105) will be relocating its headquarters on May 28, from Nishi-ku Ward, Osaka, to a location next to the company’s Tire Technical Center in Itami, Hyogo Prefecture. The new headquarters is set to open for business on May 29. The relocation represents an effort by Toyo Tires to centralize its operations, and will see...
Member unions of the Japan Rubber Workers Union Confederation (JRWUC) have submitted their wage demands at the group’s annual spring labor offensive, directing most of their efforts toward large rubber companies. Demands have been made by 52 out of a total 58 JRWUC member unions, with a total of 42 unions demanding higher monthly wages. While monthly wage demands from...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) President Takashi Shimizu has released the company’s 2017 medium-term management plan, covering the four fiscal years from 2017 to 2020. The plan details the company’s aim to reach annual figures of 480 billion yen ($4.18 billion) in consolidated sales, 60 billion yen in operating profits and a 12.5-percent operating profit margin for the...
Nitto Japan Co. Ltd., a subsidiary of Toyo Tire & Rubber Co. Ltd. (TYO:5105) selling Nitto brand tires in Japan, will in February launch sales of the NT555G2 ultra high performance (UHP) tire for high-end cars and the NT421Q fuel-efficient SUV tire. The NT555G2 has inherited the stability and excellent dry-grip performance from its predecessor and has, while being a...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) will expand its research and development capabilities at its Toyo Tire North America Manufacturing Inc. (TNA) facility located in White, GA, to strengthen its North American business. Scheduled for completion during 2017, the expansion will build on the product development capabilities and the resources and personnel at the existing TNA R&D department. Established...
