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Toyo Tires – Serbia plant key to supporting business strategies

In the two years since opening its new plant in Serbia, Toyo Tire Corporation has come to view the facility as “extremely cost-competitive.” The tyre maker completed the installation of production equipment at the site in December 2023, and although the company states in its Integrated Report 2024 that “many obstacles” remain before the plant can “start a vertical take-off toward full-scale operation,” it anticipates that full production systems will be “up and running” before the end of the current business year.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Toyo Tires tweaks R&D HQ’s organisational structure
  4. Toyo breaks ground on Serbia tyre factory
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Toyo Tire publishes Integrated Report 2024

Toyo Tire Corporation has released its Integrated Report 2024, a document that offers a comprehensive overview of the company’s financial and non-financial performance. This report is an annual publication aimed at providing stakeholders with a clear understanding of the company’s activities and its contributions to society.

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Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Toyo Tires updates natural rubber procurement policy
  4. Toyo Tires closing US auto parts operation
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Toyo Tire reports 78% increase in operating income in Q2 2024 results

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Toyo Tire Corporation reported net sales of 273,501 million yen in consolidated business results for the second quarter of 2024 ended 30 June. That figure is up 3 per cent to 8,044 million yen compared with the same period in 2023.

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Related news:

  1. 2023 a profitable year for Toyo Tires
  2. Toyo Tire net sales down 9.8% in Q1
  3. Toyo breaks ground on Serbia tyre factory
  4. Toyo Tires updates natural rubber procurement policy
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Structural, management changes at Toyo Tires

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Toyo Tire Corporation has announced changes to its organisational structure as well as key personnel appointments. All take effect 1 July 2024.

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Related news:

  1. Toyo Tires tweaks R&D HQ’s organisational structure
  2. Toyo Tires dissolving Europe Project Development Department, appoints Murase GM of EMEA Sales
  3. Toyo Tires setting up European R&D centre
  4. Toyo Tires restructures European operation ahead of plant opening
/by

Toyo OE on new Lexus GX

Toyo Tire Corporation has announced that its Open Country A/T III product has been selected as original equipment for the new Lexus GX, which went on sale in April 2024 in North America and elsewhere.

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Related news:

  1. Toyo Open Country W/T Audi’s choice for all-season SUV performance
  2. Land Rover Defender returns with Goodyear tyres
  3. Yokohama launches Geolandar A/T XD in North America and Australia
  4. Toyo Tyres UK presents new Open Country A/T III
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2023 a profitable year for Toyo Tires

Toyo Tire Corporation should have no complaints about 2023, at least when looking at the company’s key financial figures. The Japanese firm has announced an 11.2 per cent year-on-year increase in net sales, to 552.8 billion yen (£2.9 billion). Operating income rose 74.6 per cent year-on-year, to 76.9 billion yen (£406.3 million) with a group-wide profit margin of 13.9 per cent.

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Related news:

  1. Toyo Tires’ tyre business improves in H1 2018, results muted by ‘dampner scandal’
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Toyo raises full-year 2021 estimates
  4. Toyo Tires closing US auto parts operation
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Inoue to head Toyo Tires’ Asia & Oceania Sales Division

Toyo Tire Corporation has appointed Koichi Inoue general manager of its Asia & Oceania Sales Division, effective 1 April 2024. Inoue joins the tyre maker from Mitsubishi Auto Leasing Corporation, where he served as the division’s chief executive.

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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Kono to lead Toyo Tires’ EMEA sales operation
  4. Toyo Tires setting up European R&D centre
/by

Toyo Tires dissolving Europe Project Development Department, appoints Murase GM of EMEA Sales

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Toyo Tire Corporation has announced changes related to its business within Europe. Effective 1 February, the company is “constructively” dissolving its International Production Division’s Europe Project Development Department. Meanwhile, Takanori Murase will become the new General Manager of Toyo Tire Corporation’s Europe, Sales Department and Sales Division for the Africa & Middle East region, effective 1 April 2024.

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Related news:

  1. Toyo Tires tweaks R&D HQ’s organisational structure
  2. Toyo Tires setting up European R&D centre
  3. Toyo Tires restructures European operation ahead of plant opening
  4. Kono to lead Toyo Tires’ EMEA sales operation
/by

Toyo Tires announces European, North American management changes

Toyo Tires has rung in the New Year with several management changes. As of 1 January 2024, Ralf Gutena succeeds Kenta Kuribayashi as president of Toyo Tire Deutschland GmbH. Gutena remains director of sales and marketing at the company’s European head office, Toyo Tire Holdings of Europe GmbH. Kuribayashi continues in his remit as president of Toyo Tire Holdings of Europe GmbH.

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  • Read our sector-leading articles in full
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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires appoints Kuribayashi president of European production subsidiary
  3. Toyo Tires appoints Ralf Gutena to drive growth in Europe
  4. Toyo Tires appoints new GM for Africa & Middle East Sales Division
/by

Toyo Tire releases latest Integrated Report

Toyo Tire Corporation has published its Integrated Report 2023, a document that provides information about the company’s financial performance and activities in other areas, including progress in Mid-Term ’21 Plan, the company’s mid-term business plan.

Read more

Related news:

  1. Toyo Tires releases 2016 annual report
  2. Toyo Tire signs strategic partnership with JAOS
  3. Toyo Tire prepares for Serbia plant start with structural change
  4. Bridgestone publishes 2023 Integrated Report
/by

Toyo Tires closing US auto parts operation

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Toyo Tire Corporation will end the manufacture of non-tyre automotive parts at its subsidiary in the USA. The cessation of production at Toyo Automotive Parts (USA), Inc. will take effect on 31 October 2023, and the company will be dissolved as a business entity. The closure of the Franklin, Kentucky-based business affects (as of June 2023) 207 employees.

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Related news:

  1. Toyo Tires approves USA factory expansion
  2. Toyo Tires updates natural rubber procurement policy
  3. Toyo Tires setting up European R&D centre
  4. Toyo Tires tweaks R&D HQ’s organisational structure
/1 Comment/by

Kono to lead Toyo Tires’ EMEA sales operation

Toyo Tire Corporation has appointed Masaomi Kono division general manager of its Europe, Africa & Middle East sales division and also, confusingly, general manager of said division, as well as general manager of the Europe, Africa & Middle East sales department. Kono begins in these roles, and presumably will receive slightly larger business cards, on 1 April 2023.

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Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires tweaks R&D HQ’s organisational structure
  3. Wider remit for Toyo Tires’ Hirao
  4. Toyo Tires setting up European R&D centre
/by

UK sojourn ending for Toyo Tires’ Shigeno

Teppei Shigeno will end his tenure as president of Toyo Tyre (UK) Ltd. on 1 April 2023. Toyo Tire Corporation has not yet announced who will succeed him in this role.

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Related news:

  1. Shigeno appointed Toyo Tires’ UK president
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Toyo Tires appoints Kuribayashi president of European production subsidiary
  4. Wider remit for Toyo Tires’ Hirao
/by

Wider remit for Toyo Tires’ Hirao

As of 1 January 2023, Shoji Hirao takes on further responsibilities for sales within Toyo Tire Corporation’s Europe, Africa & Middle East business. In addition to his existing remit as division general manager for the Europe, Africa & Middle East sales division and sales headquarters, Hirao has been appointed general manager of the Europe, Africa & Middle East sales department and sales division.

Read more

Related news:

  1. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  2. Toyo Tires appoints Kuribayashi president of European production subsidiary
  3. Toyo Tires tweaks R&D HQ’s organisational structure
  4. Toyo Tires appoints new GM for Africa & Middle East Sales Division
/by

Toyo Tires restructures European operation ahead of plant opening

With the start of production at its new factory in Serbia drawing nearer, Toyo Tire Corporation is changing its organisational structure in Europe. Toyo Tire Europe GmbH, which has served as the sales vehicle and sales headquarters within the region, will be reorganised into a holding company that includes the Serbian plant under its umbrella. From 1 June 2022, the tyre maker will thus be represented in Europe by Toyo Tire Holdings of Europe GmbH.

Read more

Related news:

  1. Toyo Tires setting up European R&D centre
  2. Toyo Tires adjusting management team to facilitate Europe tyre plant project
  3. Toyo Tire prepares for Serbia plant start with structural change
  4. Toyo Tires appoints Kuribayashi president of European production subsidiary
/by

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