Toyo Tires will establish Toyo Tires Sales and Marketing Europe d.o.o. Indija (TSE) in Serbia, which will start sales operations in the European market from January 2025. The sales control function of Toyo Tires Holdings of Europe (TTHE), headquartered in Germany and the current European control company, will be transferred to TSE by the end of 2025. The business structure...
The four Japanese tire makers have released their first half (January-June) results for the fiscal year ending December 31, 2024. Bridgestone, Sumitomo Rubber, Yokohama Rubber and Toyo Tires all posted record-high sales and profits for the period. Although tire sales volume was slightly struggling, the external environment, including raw material prices, yen depreciation, and lower ocean freight rates, in addition...
Toyo Tires on April 24 held a technical briefing on its new truck and bus tire products and announced the Delvex M135 ribbed tire for light trucks and the Nanoenergy M151 EV ribbed tire for light EV trucks. Regarding the background to the development of both tires, the company commented, “The growth of the e-commerce market has led to an...
Toyo Tires will add one size to two tires of its Open Country series SUV tire brand, specifically the Open Country A/T Ⅲ all-terrain tire and the Open Country M/T off-road tire lineup. Both products are priced at an open price. The Open Country A/T Ⅲ is an all-terrain type product that is well-balanced for driving in a variety of...
Toyo Tires and Doshisha University concluded in March a comprehensive collaboration agreement. The two institutions will work together to promote R&D and human resource development in order to contribute to society and promote mutual development. Based on the agreement, the partners will mutually provide and share their unique, high-value-added resources. They will accelerate the social implementation of technologies that can...
Toyo Tires posted record highs in sales and profit for the fiscal year ending December 31, 2023. The company achieved many of the financial indicators set forth in the current mid-term business plan through 2025 ahead of schedule. Takashi Shimizu, President & CEO, said, “We will work on each of the measures to maintain the achievement of the targets, and...
