Tag: Toyo
Toyo partners European Athletics Indoor Championships 2019
Following their successful participation in the European Athletics Championships in Berlin, Toyo Tires have extended their partnership to their next premier event, the European Athletics Indoor Championships in Glasgow. The 35th edition of the European Indoor Championships, taking place from March 1 to 3, are the pinnacle of this year’s European Athletics program. Elite athletes have the chance to compete in the most important European Athletics event in 2019 and become the new European Indoor Champion. More than 600 athletes from 50 nations will participate at the Emirates Arena.
Toyo changes official name, reshuffles executives
Toyo has made a number of organizational, structural and personnel changes, including an executive reshuffle. First, the company will change its corporate trade name from Toyo Tire & Rubber Co., Ltd. to Toyo Tire Corporation, effective on 1 January 2019. According to the company, the corporate name change will leverage “getting our business operations rolling with the aim of strengthening governance and achieving further growth, which we will endeavour to implement under a new management structure.”
Toyo Tires signs three-year Professional Darts Corporation deal
Toyo Tires is now an official partner of the Professional Darts Corporation (PDC) after the tyremaker signed a three-year deal commencing at the forthcoming William Hill World Darts Championship. Darts has enjoyed a boom over the past decade, with stars such as world number one Michael van Gerwen, flamboyant Peter “Snakebite” Wright and reigning World Champion Rob Cross becoming household names.
EU names Fiege as an Open Innovation Challenger
Startup Europe Partnership (SEP), an initiative of the European Commission, has distinguished Fiege – which has developed a tyre logistics specialism during the last 10 years – as an Open Innovation Challenger. 24 corporate partners are listed in this annual ranking, including multinationals like Amazon, Dell or Google.
Toyo investing US$138 million in US plant expansion
Toyo Tire North America Manufacturing Inc. is set to create more than 150 jobs when it invests over US$138 million in its manufacturing operation in Cartersville, Georgia. According to an official announcement, new jobs will include positions in production, support and administration.
Toyo OE for Audi Q8 in North America
The Toyo Celsius SUV A has been selected as an original equipment tyre for the Audi Q8 that goes on sale in North America this autumn. The Audi SUV wears the Toyo tyre in size 275/50 R20 113H.
Mitsubishi becomes Toyo Tire’s largest shareholder – collaboration to intensify
Through a new arrangement with Mitsubishi Corporation (Mitsubishi), Toyo Tire & Rubber (Toyo) aims to “survive and remain viable” during the “unprecedented transformation” currently occurring in the automotive industry. The two parties have entered into a business alliance agreement that involves Mitsubishi increasing its shareholding in Toyo from 3.05 per cent to 20 per cent. Toyo will issue Mitsubishi 26,931,956 new shares via a third-party allotment that will be paid in between 15 January and 28 June 2019. With this share acquisition, Mitsubishi becomes Toyo’s largest shareholder.
All-season tyres? Test recommends it pays to think big
Tyre testers have labelled all-season tyres a ‘compromise’ purchase in past years for their inability to deliver the performance of both summer and winter tyres whenever the weather snaps its fingers and demands this. In its evaluation of the current generation of all-season rubber, Germany’s auto motor und sport harbours no illusions that such a compromise still exists. It wanted to know, however, whether the compromise can be effectively reduced through considered choice of product – the answer, the publication shares, is that it can.
Toyo Tires’ tyre business improves in H1 2018, results muted by ‘dampner scandal’
For Toyo Tire & Rubber, the first half of 2018 was a period of mixed fortunes. The manufacturer reports that turnover and earnings within its core tyre business increased 3.9 per cent during the six months to 30 June, with sales of 160,046 million yen (£1.1 billion) and operating income of 22,669 million yen (£160.8 million) resulting in a slightly improved profit margin of 14.2 per cent. Overall sales were down 3.3 per cent, to 185,738 million yen (£1.3 billion), due to decreased turnover within the company’s automotive parts business.
Zhongce Rubber enters global top ten tyre manufacturers
China’s largest tyre manufacturer, Zhongce Rubber, has entered the global top ten, research published today by Tyrepress shows. Best known in Europe for its Westlake brand, the company has pushed up in the rankings past Giti Tire – manufacturer of GT Radial – which did not supply 2017 figures before the deadline, Toyo Tires, and Cooper Tire & Rubber, which fell three places. Competition in the lower quarter of the top ten places is fierce, with turnovers for tyres between 2.4 billion euros (Cooper in 13th) and 3.2 billion euros (Maxxis in ninth).
Toyo Tires sponsoring European Athletics Championships
The 2018 European Athletics Championships will take place in Berlin from 7 to 12 August, and after being part of the IAAF World Championships London 2017 and the IAAF Indoor World Championships Birmingham 2018 as National Partner, Toyo Tires has now extended its association with athletics as an Official Partner for the event in the German capital.
Toyo Tires unveils noise reduction technology
In recent years we’ve seen a number of tyre makers introduce noise reduction technologies that utilise foam insulation, with Continental, Hankook, Bridgestone, Sumitomo Rubber, Goodyear amongst those bringing their own version of the concept to market. Toyo Tire & Rubber Co. Ltd. has taken a different approach and sought instead to cut noise by modifying airflow within the tyre cavity. It calls its solution Toyo Silent Technology.
Toyo Tires leads Midlands sponsorship rush for MotoFest Coventry 2018
A quartet of Midlands based firms gave their backing to MotoFest Coventry 2018 by signing up as sponsors, including a new sprint circuit sponsor. First up on the roll call of Midlands based sponsors for 2018 was Toyo Tires, which has its UK head office in Rushden, unveiled as the new sponsor for the long track sprint circuit. Organisers said after this year’s festival that the MotoFest was the biggest and best ever after record-breaking crowds poured into the city to enjoy the first ever competitive motorsports staged at the event. Visitor numbers are thought to have topped last year’s high of 130,000.
Toyo wins latest round of Doublestar legal action
Toyo Tire and Rubber and Toyo Tire USA have prevailed in the liability phase of the company's trade dress infringement and breach of contract suit in Los Angeles Federal Court against Doublestar Dong Feng Tyre and Qingdao Doublestar Tire Industrial.
Toyo Tyres UK signs new three-year distribution agreement with MTS
Micheldever Tyre Services (MTS) and Toyo Tires have signed a new three-year UK distribution contract. The wholesaler states that it has shown strong sales performance with the Toyo brand recently, and the new deal will help to showcase the solidity of the partnership.