Toyo Tire prepares for Serbia plant start with structural change

Toyo Tire Corporation shares that as of 1 July 2021, its Europe Project Development Department will cease being directly managed by the company’s Business Headquarters and will be transferred to the Production Headquarters, where it will be placed under the Headquarters Division.

The tyre maker states that by making this change, it intends to “strengthen cooperation with those on the shop floor” in the run-up to the start of full-scale production at its new plant in Serbia. Toyo Tire says preparations to this end are “fast underway to meet the scheduled launch in April 2022.”