Toyo Tires President Comments on Business Transfer to Nitta and Sekisui Chemical

Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on July 28 the transfer of its chemical industrial products business run by the company’s tire division. The transfer will exclude operations pertaining to isolation rubber for construction. Takashi Shimizu, the company’s president, recently spoke about the transfer, saying that the decision to divest its business involved in chemical industrial products and…

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