Toyo Tires shares Zhangjiagang factory departure details

On 20 February, Toyo Tires’ Shanghai company issued a statement saying that the equity change of the Zhangjiagang factory only involves “changes in investment relations on the production side” and will not affect business operations such as the sales system. According to the announcement, Toyo Tires will continue to use the Zhangjiagang factory as a production base.