Toyo completes new Malaysian tyre plant
Toyo Tire & Rubber Co president Akira Nobuki has announced the completion of the company’s new tyre plant in Malaysia (TTM). Toyo is progressing towards a three-region global supply system as outlined in the company’s 2011 mid-term business plan, with factories in North America, Japan and Asia. Toyo’s Asia operations are in a process of expanded motorisation where further growth of demand is expected. Toyo is positioning Asia as a vital strategic market that will provide a boost to its business foundation.