Toyo announces Diver-Tech reorganisation
Toyo Tire & Rubber reports it will make changes to its business structure as of 1 January 2013. On that date, the development, manufacture and sales of railway vehicle parts, OA equipment parts, industrial, construction and waterproof materials products will be consolidated into the Toyo Chemical/Industrial Products Sales Corporation. This consolidation will take place in order to optimise management resources in the company’s Diver-Tech business segment, Toyo says. The company, whose name will change on 1 January to “Toyo Chemical Products/Industrial Co., Ltd”, will be operated as a new company which will oversee this integrated business in the Toyo Group.