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You are here: Home1 / News2 / Company News3 / Toyo breaks ground on Serbia tyre factory

Toyo breaks ground on Serbia tyre factory

Date: 16th December 2020 Author: Chris Anthony Comments: 0
Toyo broke ground at the site of its new tyre plant in Indjija City, the Republic of Serbia, on 15 December 2020 (Photo: Presidency of Serbia; Dimitrije Goll)

Toyo Tire Corporation and its Toyo Tire Serbia LLC Belgrade manufacturing subsidiary broke ground at the site of Toyo’s new tyre plant in Indjija City, the Republic of Serbia, on 15 December 2020. Toyo Tire’s eighth tyre manufacturing base is due to start tyre manufacturing operations in April 2022, with a capacity of 5 million passenger car tyres per annum by the summer of 2023.

An artist’s impression of the new factory (Image: Toyo)

The ceremony was attended by about 40 guests, including President Aleksandar Vučić of the Republic of Serbia, Mayor Vladimir Gak of Indjija City, and Takahiko Katsumata, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Serbia, who prayed for safe construction. For COVID-19 social distancing reasons, Toyo Tire president and CEO, Takashi Shimizu, participated remotely from Japan.

Shimizu expressed his enthusiasm for Toyo Tire’s first plant in Europe: “Many of the products produced at this plant will be designed and developed at our new R&D centre in Germany. Our future goal is to produce tyres created entirely in Europe.”

Meanwhile, president Vučić expressed his appreciation: “This is such an important and valuable investment for Serbia…I owe a special gratitude to all the people from Japan and our country who supported the arrival of such an important and powerful company in Serbia.”

Key facts:

 Scheduled construction site  Indijia City, Autonomous Province of Vojvodina, the Republic of Serbia
 Site area  About 600,000 m2 (about 150 acres)
 Start of manufacturing  April 2022 (planned)
 Production capability  Five million tyres annually (based on tires for passenger vehicles)
 Number of employees  About 580
 Investment  Roughly 48.8 billion Japanese Yen (390.5 million Euros)
 Items manufactured  Radial tyres for passenger vehicles and light trucks

Related news:

  1. Toyo investing 390 million euros in Serbia tyre factory
  2. Toyo given free land as part of 364 million euro Serbia tyre factory investment
  3. Toyo Tires setting up European R&D centre
  4. Toyo Serbia factory receives approval for 41 million euro subsidy
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factory, groundbreaking, Indjija, Serbia, Toyo, Toyo Tire Corporation, Toyo Tire Serbia LLC Belgrade

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