Toyo Tire Corp. (TYO:5105) and Nitta Corp. (TYO:5186) recently announced that they have agreed to transfer the Toyo Tire Group’s business for truck and bus air springs to the Nitta Group. Plans are for a June 30 transfer of this business, which in fiscal 2018 generated approximately 2 billion yen ($18.2 million) in sales revenue. The companies have not yet...
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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...
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Toyo Tire Corp. (TYO:5105) will be setting up both a Toyo Tires booth and a Nitto booth at Tokyo Auto Salon 2020. One of the world’s largest custom car shows, this year’s Tokyo Auto Salon will be held over Jan. 10–12 at Makuhari Messe in Chiba, Chiba Prefecture. The Toyo Tires-branded booth will be depicting the company’s new brand statement,...
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Toyo Tire Corp. (TYO:5105) recently announced that it has started supplying its Proxes R56M to Mazda Motor Corp. (TYO:7261) for use as an OE tire in the automaker’s new crossover SUV. Named the Mazda CX-30, this new SUV launched in Japan on Oct. 24. The Proxes R56M employs a newly combined rubber compound brought about by Nano Balance Technology, a...
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Toyo Tire Corp. (TYO:5105) has announced plans to launch the Nanoenergy M176, a ribbed truck and bus tire that is able to reduce rolling resistance by around 9 percent – and in turn improve fuel efficiency – when compared to the company’s existing products. The new tire is set to hit the Japanese market this upcoming January. Making use of...
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Toyo Tire Corp. (TYO:5105) announced on Nov. 28 that it intends to sell off half of the stock that it holds in Bridgestone Corp. (TYO:5108), a company with which Toyo Tires has business and capital partnerships. Back in 2008, the two companies formed a capital partnership to help establish a strong relationship of trust. And now, Toyo Tires says, this...
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