Strong Sales Increase Toyo’s Income in 2005

(Akron/Tire Review) Toyo Tire & Rubber Co. reported that operating and net income increased 26.4 per cent and 12.9 per cent, respectively, for the first three quarters of its 2005 fiscal year. Sales in North America rose compared to previous years, according to Toyo, and OE and replacement sales in Japan also increased due to rising vehicle production and higher demand for winter tyres in the country.