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Toyo Tire Zhangjiagang sales fell 41% since 2022

Author: Chris Anthony Comments: 0
(Image: Andrew Bogie/ Tyre Industry Publications Ltd )

Following the news that Toyo Tire Corporation’s 14 February 2025 board of director’s meeting resolved to transfer 86 per cent of its equity interests in its Chinese subsidiary (Toyo Tire Zhangjiagang Co., Ltd. – TTZ), to Liaoning Hengdasheng Investment Co., Ltd. (LHI), Toyo has released further details including the fact that turnover generated by the Chinese tyre plant declined 41 per cent in the two years prior to the sale.

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