Toyo Tires

Toyo Tires Develops Sixth-Gen Airless Tire Able to Compete With Conventional Tires on Basic Performance

Toyo Tire Corp. (TYO:5105) has been hard at work with development of Noair, a sixth generation of the company’s airless tire technology. The company recently showed off the new tire’s capabilities to media at a test drive event. Unlike conventional tires, which are filled with air to help them bear weight and absorb road impacts, Noair has no such need....

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Toyo Tires Works With Subsidiaries to Supply Tires for Score Baja 400 Race in Mexico

Toyo Tire Corp. (TYO:5105) has announced that it has provided tires to seven drivers set to compete in the inaugural Score Baja 400 race, which will be held in Mexico over Sept. 18–22. The company has supplied these seven drivers with its Open Country series of off-road tires, which are made for pickup trucks and SUVs. These efforts are being...

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Toyo Tires Looks to Grow Profits by Strengthening Relationship With Mitsubishi

Toyo Tire Corp. (TYO:5105) is aiming to strengthen its relationship with Mitsubishi Corp. (TYO:8058) on a comprehensive level. By pursuing this while also capitalizing on its own strengths, the tire manufacturer plans for the resulting synergies to provide a positive effect of 10 billion yen ($94.64 million) in operating profit by 2023. Expectations here are that carrying out policies alongside...

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Toyo Tires Looks to Begin Operations at New Serbian Tire Plant in 2022

Toyo Tire Corp. (TYO:5105) recently announced that it intends to establish a new tire production subsidiary in Belgrade, Serbia. The subsidiary will be used to run a tire production plant set for construction in the Serbian town of Indija. This will be Toyo Tires’ eighth such plant, coming alongside two in Japan, one in the U.S., two in China and...

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Toyo Tires to Bolster Tire Production Capacity at US Subsidiary

Toyo Tire Corp. (TYO:5105) recently announced that it is planning to boost the production capacity of Toyo Tire North America Manufacturing Inc. (TNA), a tire production subsidiary it controls in the U.S. For this increase, Toyo Tires plans to invest approximately 7 billion yen ($64.85 million) to install new facilities with an annual production capacity equivalent to 1.2 million passenger...

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Major Japanese Tire Firms Plan Price Hikes in Response to Surging Distribution Costs

Japan’s four largest tire manufacturers have now all announced price increases on aftermarket tires for domestic sale. After Bridgestone Corp. (TYO:5108) announced such a price hike on June 5, Yokohama Rubber Co. Ltd. (TYO:5101) came out with its own on June 14, with Sumitomo Rubber Industries Ltd. (TYO:5110) then following suit on June 21 and Toyo Tire Corp. (TYO:5105) on...

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