New Toyo Asia Factory Will Serve Global Tyre Markets

Toyo Tire & Rubber is continuing its search for an optimal location for a new Asia region tyre factory outside of Japan. The new facility, in which the company plans to invest more than 200 million euros, should be completed by 2010, and the following year is anticipated to produce around four million tyres, mostly passenger car products. Output from the new factory will mainly be directed to export markets.