Toyo Tires

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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Toyo Tires to Supply Off-Road Racing Tires for Silk Way Rally 2019

Toyo Tire Corp. (TYO:5105) recently announced that it is set to supply tires from its Open Country series for use in the Silk Way Rally 2019, a race scheduled to run over July 6–16 and span Russia, Mongolia and China. The tires will be supplied to rally driver Bryce Menzies. This year’s Silk Way Rally marks the ninth time the...

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Toyo Tires Set to Support Four Teams in 2019 Pikes Peak International Hill Climb

Toyo Tire Corp. (TYO:5105) and its U.S. sales subsidiary Toyo Tire U.S.A. Corp. (TTC) are set to provide support for the 2019 Pikes Peak International Hill Climb, a race scheduled for June 30 in the U.S. The companies will support three teams taking part in the event’s Time Attack 1 Class and one team in the Exhibition Class, providing these...

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Toyo Tires Plans Domestic Launch for All-Season SUV Tire With Overseas Track Record

Toyo Tire Corp. (TYO:5105) is planning an Aug. 1 Japanese launch for its Celsius line of all-weather, all-season SUV tires. The tire is set to be sold in a total of six sizes. Coming up now for a domestic launch, the Celsius has been rolled out to North America and Europe starting in 2015. Toyo Tires is touting the product...

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Toyo Tires Records 3.8% Drop in Sales for Q1 of 2019

Toyo Tire Corp. (TYO:5105) recently posted its results for the first quarter of calendar 2019, showing overall sales of 90.14 billion yen ($817.75 million) for the period. This marks a decrease of 3.8 percent from the same quarter last year. The company’s operating profit for the quarter was similarly down 4 percent year-on-year to 10.17 billion yen, with ordinary profit...

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