Toyo Tires to Transfer Flexible Urethane Business to Toyo Quality One

Toyo Tire & Rubber Co. Ltd. (TYO:5105) is looking to transfer its flexible urethane business, which targets the market for automotive seat cushions, to Toyo Quality One Corp. This comes as part of a plan from Toyo Tires to strengthen its management around a core of tires and automotive anti-vibration rubber, having already moved to divest its operations for chemical…

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