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You are here: Home1 / Toyo

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Toyo Tires partnering again with European Athletics Indoor Championships

International News

Some 600 athletes from across Europe are heading to Toruń, Poland for the European Athletics Indoor Championships 2021, which will take place between 5 and 7 March. Toyo Tires returns as an official partner, continuing the relationship that began at the event held in Berlin three years ago.

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Related news:

  1. Toyo partners European Athletics Indoor Championships 2019
  2. Toyo Tires becomes National Partner of IAAF World Indoor Championships
  3. Toyo extends partnership with European Athletics to 2023
  4. Golf: Toyo a Women’s British Open sponsor
2nd March 2021/0 Comments/by Stephen

Toyo closes loss-making Silverstone tyre plant in Malaysia

Company News, International News
Silverstone

Toyo Tire Corporation is closing its loss-making wholly-owned Silverstone Berhad Malaysian tyre manufacturing subsidiary in June 2021. Established on 12 July 1986 and purchased by Toyo in 2011, Silverstone currently manufactures tyres for (primarily Malaysian) new vehicles and Silverstone branded tyres for the aftermarket as well as certain Toyo branded tyres. The dissolution of the Silverstone subsidiary (Silverstone Berhad) will commence by 31 December 2021.

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Related news:

  1. Toyo’s Shandong Silverstone acquisition finalised
  2. Toyo announces plans for new Malaysian tyre plant
  3. Michelin: Acquiring Multistrada will help meet growing tier 2 tyre demand
  4. Michelin now 99.64% owner of Multistrada
15th February 2021/by Chris

Toyo Tires utilising European know-how for global product lines

Company News

As part of a range of structural changes taking effect on 1 April, Toyo Tires will draw upon its experiences making tyres for the demanding European market in order to benefit its development programme for other regions. The tyre maker is integrating its Europe/Module Development department, which currently operates under the Technology Development division within its R&D Headquarters, into the R&D Headquarters’ Replacement Tire Development department.

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Related news:

  1. Heads roll at Toyo in light of earthquake dampner scandal
  2. Toyo Tire expanding R&D capabilities at US plant site
  3. New headquarters for Toyo Tire
  4. Toyo Tires unveils noise reduction technology
3rd February 2021/by Stephen

Toyo Tires Europe starts 2021 on “full throttle”

Company News, International News
Toyo

It is not easy for tyre businesses to take away something positive from the past year. In retrospect, Toyo Tires came to the conclusion: “2020 was anything but a glorious year for the tyre industry. A slump in new registrations and also double-digit declines in the replacement market business. There were no dealers and no manufacturers who did not have to struggle with losses in the past year.” Nevertheless, Toyo Tires Europe is starting the new year “confidently”, according to the Germany-based European headquarters of the Japanese tyre manufacturer.

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Related news:

  1. Toyo investing 390 million euros in Serbia tyre factory
  2. Serbia to become PCLT tyre production hub
  3. The Tire Cologne: Cooper, Toyo no longer exhibiting
  4. Toyo given free land as part of 364 million euro Serbia tyre factory investment
2nd February 2021/by Chris

Michael van Gerwen leads list of Toyo darts award nominees

Company News, UK News

Tyre manufacturer Toyo has announced the nominees for the Televised Performance of the Year Award as part of its sponsorship of the highest standard of darts. The award, which will be presented at the Professional Darts Corporation’s annual awards, represents a development of Toyo’s partnership with the PDC. Former World Number One, Michael van Gerwen (MvG) features three times in the nominations, though in two cases he was on the other side of the notable performances.

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Related news:

  1. Toyo Tires signs three-year Professional Darts Corporation deal
  2. Toyo joins TyreSafe
  3. Toyo Tyres UK signs new three-year distribution agreement with MTS
  4. Golf: Toyo a Women’s British Open sponsor
18th January 2021/by Andrew

Toyo breaks ground on Serbia tyre factory

Company News, International News
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.

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  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
16th December 2020/by Chris

Toyo Serbia factory receives approval for 41 million euro subsidy

International News

Following the news that the Japanese tyremaker has received free land as part of the state support package for its Serbia tyre plant, the country’s state aid commission has approved the allocation of 41 million euros ($48.7 million) in government financing to Toyo to support the construction of the new factory in Indjija, northern Serbia.

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Related news:

  1. Toyo given free land as part of 364 million euro Serbia tyre factory investment
  2. Toyo investing 390 million euros in Serbia tyre factory
  3. Triangle: no Russian tyre plant…for now
  4. Linglong considering European factory
25th November 2020/by Chris

Biden bounce helps Japanese tyremaker share prices

Company News, International News

Shares in Japanese firms hit a 30-year high after Joe Biden was named as the president-elect of the US in a phenomenon being called the “Biden bounce”. Tokyo’s Nikkei index rose 2.6 per cent when the market opened on 9 November. It closed up 2.1 per cent at a level not seen since 1991.

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Related news:

  1. Zhongce Rubber enters global top ten tyre manufacturers
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Toyo sells half its Bridgestone shares
  4. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
12th November 2020/by Chris

Toyo Tires tweaks R&D HQ’s organisational structure

Career Tracks, Company News

As of the start of this month, Toyo Tire Corporation has implemented a number of changes to its organisational structure. These changes relate to the company’s R&D headquarters in Japan and involve the consolidation and reorganisation of entire divisions.

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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires setting up European R&D centre
  3. Toyo Tires unveils noise reduction technology
  4. Golf: Toyo a Women’s British Open sponsor
7th October 2020/by Stephen

Toyo given free land as part of 364 million euro Serbia tyre factory investment

Company News, International News, Premium

The Serbian state is set to give Japanese tyre manufacturer Toyo 637,455 square metres of land worth roughly 3 million euros for its newest factory. According to a Serbian State Aid Control Commission decision, the countries Tax Administration calculated that – based on a land valuation of 5 euros per square metre, Toyo will have to employ 523 workers indefinitely by 2023.

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Related news:

  1. Toyo investing 390 million euros in Serbia tyre factory
  2. Georgia selected as location for $500 million Sentury Tire US factory
  3. Jiangsu General investing US$300 million in Thailand tyre plant
  4. Serbia to become PCLT tyre production hub
18th September 2020/by Chris

Michelin and Pirelli lead in rubber sustainability – Context Group

Company News, International News
Context Group

Michelin and Pirelli are leading the way on tyre and rubber sustainability, according to a recent report from Context Group. Context’s ranking assessed 11 members of the Tire Industry Project (TIP), namely Bridgestone; Continental; Cooper; Goodyear; Hankook; Kumho; Michelin; Pirelli; Sumitomo Rubber; Toyo and Yokohama.

Context analysed the sustainability content on each company’s website to see if it included communications covering some of the main issues associated with the life cycle impacts of tyres, including the four focus areas of the TIP: tyre and road wear particles, sustainable natural rubber, end-of-life tyres and environmental performance. The researchers assessed how well the companies tell their sustainability story by looking at their use of multimedia, news articles and social media.

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Related news:

  1. Giti enters the top 10 of leading tyre manufacturers
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. Tyre Manufacturers In Global E-Commerce Initiative
10th September 2020/by Chris

Toyo Tires supports 44th AG Memorial Van Damme athletics event

Company News
Toyo

Toyo Tires continues to support world-class athletics, at the Diamond League AG Memorial Van Damme event in Brussels on 4 September. The tyre manufacturer expects the live broadcast to reach a wide global audience thanks to the meet’s attractive programme of events and the presence of many stars of athletics. These include British four-time Olympic champion Mo Farah, who is hoping to set a new One Hour World Record. A live DJ will provide a different soundtrack, with no crowd due to Covid-19 pandemic restrictions.

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Related news:

  1. Toyo AC Milan sponsorship promoted in new video
  2. Toyo Tires becomes National Partner of IAAF World Indoor Championships
  3. Toyo extends partnership with European Athletics to 2023
  4. Toyo partners European Athletics Indoor Championships 2019
26th August 2020/by Andrew

Toyo 2Q operating income down 48%

Company News, International News
Toyo

Toyo Tire Corporation reported net sales of 150,586 million yen (£1.1081 billion; 1.195 billion euros; $1.414 billion), a decrease of 15.7 per cent compared with the same period in 2019. Operating income, which amounted to 7,928 million yen (£59.923 million; 63.027 million euros; $74.443 million), down 48.3 per cent on 2019, was hit worst.

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Related news:

  1. Toyo Tire net sales down 9.8% in Q1
  2. Toyo Tires’ tyre business improves in H1 2018, results muted by ‘dampner scandal’
  3. Solvay reports second quarter sales of 3 billion euros
  4. Lower earnings for Pakistan’s Gentipak in 2017-18
7th August 2020/by Chris

Toyo Tires sponsors AIG Women’s Open golf tournament

News
AIG Royal Open, Toyo

Toyo Tire Europe has become the exclusive tyre partner to the 44th edition of the AIG Women’s Open which will be played at Royal Troon from 20-23 August.

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Related news:

  1. Golf: Toyo a Women’s British Open sponsor
  2. Bridgestone Extends Golf Sponsorship
  3. It’s Official: Bridgestone Name on Nashville Arena
  4. Toyo helps Malvern Tyres director raise money for MacMillan
22nd July 2020/by Chris

Toyo Tire net sales down 9.8% in Q1

Company News, International News
Toyo Q1 2020 financials Toyo

In the first quarter of 2020 Toyo Tire Corporation reported net sales of 82,094 million yen a decrease of 8,049 million yen (-9.8 per cent) compared with the first quarter of 2019. Its operating income for the quarter was 6,936 million compared to 10,174 million yen (-31.87%) in the first quarter of 2019.

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Related news:

  1. Toyo issues post-earthquake statement
  2. Toyo sells half its Bridgestone shares
  3. Conti Completes Bookbuilding of New Shares
  4. Toyo Tires’ tyre business improves in H1 2018, results muted by ‘dampner scandal’
18th May 2020/by Chris
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