Toyo issues post-earthquake statement
Expressing it’s the company’s deepest condolences to the victims of the 11 March 2011 earthquake and tsunami, Toyo Tires group has released further details about the how the tragedy has affected its business and what it is doing to ensure the safety of workers.
Despite the fact that Toyo runs a plant in Sendai near the epicentre of the magnitude 8.9 earthquake, the company reports that neither this nor its other manufacturing plants in Japan have been affected by the tsunami, and there has not been any significant earthquake damage to plant building or facilities.
However, due to a power outage, the Sendai plant has temporarily been shut down. Once power is restored, and the safety of the plant facility has been confirmed, the company plans to restore operations, but it is not yet clear when this will happen.
Immediately following the earthquake, Toyo established an emergency crisis centre. Currently, the centre is verifying the safety and welfare of all employees and their families, and is reportedly “taking appropriate steps to respond to this crisis.”
It is not yet known what the company’s financial losses or the impact to business results will be from this earthquake. But the company has said it will provide periodic updates as it gains understanding of the situation.