Toyo Serbia to begin tyre production in late July

Having previously confirmed that tyre production would begin at the company’s Serbia factory during July, Toyo Europe executives are now specifying that tyres will begin rolling off the production line by the end of the month. When full production gets underway, the factory will be pioneering in green electricity terms since it will utilise bifiacial solar panels.

According to local news reports, the MT-Komex Company has been contracted to construct Serbia’s first bifacial solar power station on the premise of Toyo’s new tyre factory. The bifacial solar plant will also be the largest solar power plant in Serbia when it is finished.

“Toyo Tyres’ global goal is to become carbon neutral and investing in renewable energy sources is the best choice. This is the right time for us to set up a solar power plant in Serbia because the laws have changed, so we can acquire prosumer status, and we have a large area of land at our disposal,” Toyo representatives are reported to have said in a statement.

The solar power plant will cover 10 to 15 per cent of Toyo Tyres Serbia factory’s annual electricity needs.