Toyo Tires held on Dec. 14 an opening ceremony at its newly built automobile tire production plant in Indija, Serbia. The ceremony was attended by the company’s president Takashi Shimizu, Serbian president Aleksandar Vucic, ambassador extraordinary and plenipotentiary to Serbia Takahiko Katsumata, and other guests. Approximately 120 people attended the ceremony. “In this commemorative year of the 140th anniversary of...
Toyo Tire Corp. (TYO:5105) President Takashi Shimizu spoke recently about his company’s plans for 2022. On top of boosting productivity at its leading plant in the U.S., Shimizu said here that Toyo Tires intends to make effective use of its Malaysian base – a global hub for the company – while keeping a close eye on the circumstances and logistics...
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) 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 Tires Corp. (TYO:5105) is gradually reducing the operating losses of its auto parts business. While the company’s forecasts for calendar 2020 point to this business – which is focused on anti-vibration rubber – as posting another operating loss, the specific loss here is set to more than halve compared to 2018, when the company first changed the auto parts...
Toyo Tire Corp. (TYO:5105) is making a push to unify its branding across tire sidewalls and more. Up until now, Toyo Tires has branded many of its tire sidewalls simply with “Toyo.” But starting with the Open Country series of SUV tires, which has been made available in a wider lineup of sizes as of last December, the company is...
