Toyo Tires

Audi Selects Toyo Tires to Supply OE Tires for New Q8 SUV

Toyo Tire & Rubber Co. Ltd. (TYO:5105) recently announced that its Toyo Celsius CUV A line of tires has been adopted as OE for the Audi Q8, a new SUV set to launch this autumn or thereafter in the North American market. The company has already begun supply of these tires, providing them at the size of 275/50 R20 113H....

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Toyo Tires Strikes Capital Partnership With Mitsubishi to Bolster Technological, Sales Efforts

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has agreed to enter into a new capital partnership with Mitsubishi Corp. As part of this, Mitsubishi will be issued new Toyo Tires shares through a third-party allotment, bringing its current 3.05 percent stake in the company up to 20 percent and making it the top shareholder. Mitsubishi will achieve this by investing...

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Toyo Tires Wins Good Design Award for M925 Snowplow Tire

Toyo Tire & Rubber Co. Ltd. (TYO:5105) recently announced that it has won a 2018 Good Design Award for its M925 snow tire, a product made exclusively for snowplows. Launched in July 2017, the M925 is designed to improve snowplow performance. The tire sets itself apart with its tread: while conventional studless tires for trucks and buses adopt a symmetric...

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JRW Study: Japan’s Top 100 Rubber Firms See Rising Sales, Falling Profits for 2017

More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...

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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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Toyo Tires Revises Annual Forecast Downward Following Extraordinary Loss, Shifting Conditions

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu first said that while raw...

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