Tag: Toyo
The Tire Cologne: Cooper, Toyo no longer exhibiting
Representatives of Cooper Tires and Toyo Tires have respectively confirmed they’ll not exhibit at this year’s The Tire Cologne, as previously planned. Their decisions come as governments across Europe announce rigorous measures to delay the spread of coronavirus and reduce its impact wherever possible. Michelin announced its withdrawal as exhibitor last week.
EC rates Fiege alongside Bosch and Bridgestone for second straight year
Startup Europe Partnership (SEP), an initiative by the European Commission, has distinguished Fiege as an Open Innovation Challenger. Having first achieved this standard a year ago, Fiege is being distinguished for the second time in a row. The annual ranking also includes multinationals like Google, Nestlé and Bridgestone. Next to Fiege, a further three German enterprises were distinguished: Bosch, Daimler, and SAP.
Toyo sells half its Bridgestone shares
The board of directors of Toyo Tire has decided to sell a portion of its stock holdings in Bridgestone.
Tyremakers among 52 automotive suppliers in US$23 million antitrust settlement
Tyre manufacturers Toyo, Bridgestone and Continental are amongst the 52 automotive suppliers that paid a total of $23 million in settlements for antitrust law violations in California, USA.
Toyo Tire U.S.A. names new VP of Sales
Michael Graber will take over as vice president of sales at Toyo Tire U.S.A. Corp. on 1 January 2020. His appointment to this role follows the impending retirement of senior vice president, Randy Gaetz.
Toyo supporting Bundesliga team Fortuna Duesseldorf till 2022
Toyo Tires has sponsored German Bundesliga team Fortuna Duesseldorf for four seasons now and has signed a contract for a further three seasons until 2022. During this time Toyo has followed the team on their journey from Bundesliga 2 to Bundesliga 1.
Serbia to become PCLT tyre production hub
When Toyo recently announced its intention to build a new tyre plant in Serbia it consolidated the country’s position as the leading location for new passenger car and light truck (PCLT) tyre manufacturing capacity in Europe. Toyo’s proposal follows Linglong’s decision to build its new European plant in the country and Cooper Tire’s plan to double the size of its facility there. Based on analysis of all announced capacity actions by Astutus Research (plant opening and expansion net of closures and downsizing), the Czech Republic is a distant second in terms of planned capacity additions between 2018 and 2026.
Toyo Tires setting up European R&D centre
In just a few months’ time, Toyo Tire Corporation will begin research and development work at a new site in Europe. The tyre maker is setting up an R&D centre in Willich, Germany to support its future factory in Serbia, and intends to start operations there in the autumn. Having a local R&D presence in the vicinity of vehicle manufacturers and related companies will, says Toyo, be beneficial in terms of the quality and freshness of the information gained.
Toyo Tires adjusting management team to facilitate Europe tyre plant project
Yukio Hasegawa has been named the new president of Toyo Tire Corporation’s subsidiary in Russia, effective tomorrow. He succeeds Kenta Kuribayashi in this role. Kuribayashi remains chief executive officer of the Toyo Tire RUS LLC operation (and president of Toyo Tire Europe GmbH) and will additionally, as of tomorrow, become the Russian subsidiary’s chairman.
Toyo investing 390 million euros in Serbia tyre factory
Toyo Tire Corporation has announced that it is investing 390.5 million euros in the construction of a new tyre manufacturing facility in Indijia City, Republic of Serbia. Construction of the Serbia plant will start in May 2020, with a view to initiating tyre manufacturing operations in January 2022.
Golf: Toyo a Women’s British Open sponsor
Toyo Tires is an official partner to the 2019 AIG Women’s British Open Golf Tournament, which will take place at Woburn Golf Club between 1 and 4 August. In addition to visibility on signboards around the course and the video screen, Toyo will appear within the official programme. It will also promote the event through Toyo social media channels.
Toyo Tires approves USA factory expansion
One of the outcomes of today’s Board of Directors meeting at Toyo Tire Corporation is the decision to invest in ramping up capacity at the company’s tyre factory in North America. Approximately 7 billion yen (£51.6 million) will be invested in this project.
Toyo partnering Tough Mudder in Italy
Toyo Tires has partnered Tough Mudder in Germany and Great Britain since 2018. Now the tyre manufacturer has announced that it is expanding its partnership with Tough Mudder by extending its 2019 deal into Italy. As a result, Toyo will be an official partner for both of the inaugural Italian events on September 14/15 in Milan as well as on October 26/27 in Rome.
Toyo Proxes chosen for Mazda3
The new Mazda3, launched in Japan on 24 May 2019, will run out of the factory on the new Toyo Proxes R51 A in size 215/45R18 89W. The tyre was developed jointly with the car-maker, achieving the manufacturer’s rolling resistance, dry steering stability, wet grip and comfort performance parameters, with a new rubber compound based on the proprietary material design "Nano Balance Technology". This controls rubber material development at the nano level, and helps Toyo achieve a wide range of performances required to produce a well-balanced, advanced tyre.
Toyo extends partnership with European Athletics to 2023
Toyo Tires has extended its Official Partner association with European Athletics at major European Athletics events until 2023. The tyre manufacturer became an Official Partner ahead of the 2018 European Athletics Championships in Berlin last August, continuing with the 2019 European Athletics Indoor Championships. Now it will remain an Official Partner for the 2020 (Paris) and 2022 European Athletics Championships, as well as the 2021 (Torun) and 2023 European Athletics Indoor Championships.