The Japanese Rubber Workers Union Confederation (JRC), an organization of labor unions in rubber companies, has submitted its demands for the improvement of living standards for the spring season of 2023. As of March 8, 50 unions had submitted their demands, according to a survey conducted by JRC. According to the survey, 39 unions submitted an average wage increase (weighted...
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Toyo Tires reported net sales of 497.21 billion yen ($3.65 billion) for the fiscal year ended December 2022, up 26.3% year-on-year. Operating income was 44.05 billion yen, down 17.0%, ordinary income was 51.04 billion yen, down 8.7%, and net income stood at 47.96 billion yen, up 16.0% . “Net sales reached a record high thanks to foreign exchange benefits, while...
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Toyo Tires has been selected as a “good business to partner with” as part of the second Car–Society Partnership Awards, which are run annually by the Automobile Business Association of Japan. The company was chosen following an evaluation of its project to convey gratitude to everyone involved in truck logistics, as well as its commercialization of the M937 studless winter...
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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...
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Toyo Tires has announced that it will have an exhibit at Tokyo Auto Salon 2023, one of the world’s largest custom car shows. The event will be held over Jan. 13–15 at Makuhari Messe. Designed around the theme of “Boost Your Engine”, Toyo Tires’ booth will represent the company’s push to break new ground with its Open Country SUV tire...
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Toyo Tires will sequentially launch the premium comfort tire Proxes Comfort Ⅱs from the global flagship tire brand Proxes series in the Japanese market from March 2023. This product is a premium comfort tire that pursues high-quality cruising and has evolved environmental performance. The pattern design utilizes the company’s unique tire design platform technology T-Mode and adopts an asymmetrical pattern...
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