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Toyo Increases European Tyre Sales 12% in H1, 2010

Toyo Tire & Rubber reports a global 9.0 per cent increase in tyre sales volumes during the first half of the 2010 financial year, with European sales volumes surging 12.0 per cent. In total, the company produced 88,900 tonnes of tyres during this six-month period until September 30, 76,200 of this in Japan. Net sales within the half-year reached 143,431 million yen (£1.1 billion), 10.7 per cent above the corresponding six months of 2009. This improvement, Toyo notes, has occurred due to a recovery in demand. During the quarter between July 1 and September 30 Toyo reported net sales of 71,269 million yen (£546,4 million).

9th November 2010/by Tyrepress Editors

Toyo Tires Enjoys “Successful” Goodwood Revival

Having attended Goodwood events in the past Toyo Tires has reported another “successful” year at the Goodwood Revival, at which it was the exclusive Tyre Partner for the first time. To mark the occasion, VIP Toyo customers previewed two brand new road tyres in the Proxes range, the ultra high performance Proxes T1 Sport and the Proxes C1S, tyres built for performance and ride comfort respectively. Both tyres will be made available from 2011. Toyo said that it was looking forward to continuing its deal with the event in 2011.

27th October 2010/by Tyrepress Editors

Toyo to Acquire Malaysian Tyre Manufacturer

Company News, International News

Toyo Tire & Rubber has announced its decision to acquire all shares in Malaysia-based tyre manufacturer Silverstone Berhad. The company’s board of directors says it has a stock purchase agreement with Silverstone’s sole shareholder, Silverstone Corporation Berhad. According to the company’s statement, Toyo’s acquisition of Silverstone puts it in position “to make a full-scale entry into the fast-growing Southeast Asia market.” The stock transfer to Toyo from Silverstone Corporation Berhad is scheduled to take place in late January 2010 and will cost Toyo approximately 12,538 million yen (£98 million).

21st October 2010/by Chris

Dezent Launch New Motion 2 Wheel

Alcar, purportedly the UK’s largest wheel importer and wholesaler, has released details of a new wheel from Dezent; The Motion 2. The sequel to the first Motion design, the new rim showcases a ‘Y’ spoke profile that tips its hat towards some of the great competition designs of the ‘80s and ‘90s. In fact, the wheel doesn’t just boast trackside looks, thanks to a unique heat-treating process during casting and an impressively light 6.6 kg weight on the 15-inch version, these are genuine track-ready wheels that have already been proven in the heat of battle in the Toyo Tyres Racing Saloon series.

21st October 2010/by Tyrepress Editors

Toyo to Increase US Prices

In response to rising raw material costs, Toyo Tire USA is increasing prices for its passenger car, light truck and truck tyres by up to six per cent, with in line adjustments.

13th October 2010/by Tyrepress Editors

Toyo USA Launches New Flagship UHP Tire

Toyo Tire USA has introduced the Toyo Proxes 1, a new max performance UHP tyre, reports Tire Review. Toyo said the new tyre is its “most technologically advanced" and was heralded as the company’s new flagship line.

22nd September 2010/by Tyrepress Editors

200 New Jobs for Expanded US Toyo Plant

Recent expansion to Toyo Tire’s factory in the US state of Georgia is expected to create a further 200 jobs at the plant. The Bartow County facility, which has been in operation since early 2006, currently employs around 650 people in the production of passenger car and light truck tyres and was instrumental in Toyo Tire North America Manufacturing being named ‘Georgia Manufacturer of the Year in 2009.’ When current expansion work is complete the 167,000 square metre facility will have the capacity to produce six million tyres per annum. The new jobs will most likely be added by the middle of next year.

10th September 2010/by Tyrepress Editors

Toyo Launches Two New Proxes Tyres at Goodwood Revival

Toyo has announced that it will use the occasion of the 2010 Goodwood Revival (17-19 September) to launch two new additions to its Proxes tyre range. The motorsport-oriented Proxes T1 Sport and the ultra-high performance Proxes C1S will make their debuts at the show, at which Toyo is the Exclusive Tyre Partner for the first time. Sarah Clavey, Toyo’s senior marketing executive, said: “This is the first year we are exclusive tyre partners for the Goodwood Revival, and what better way to mark the occasion than to launch the new additions of our Proxes range. To launch them at such a prestigious event is a great opportunity for Toyo Tires.”

27th August 2010/by Tyrepress Editors

Toyo Proxes OE on Audi RS 5

The newest member of Audi’s RS family is the 4.2 litre, V8 powered RS 5 coupé, a vehicle capable of producing 450hp. Toyo reports it has supplied its Proxes T1 AO tyre as OE since the launch of the RS 5 earlier this year. The Proxes T1 AO is already fitted as original equipment to the Audi S6; a size 265/35 R 19 98Y tyre is being supplied to the RS 5.

25th August 2010/by Tyrepress Editors

Toyo “Thrilled” with Goodwood Festival of Speed Involvement

Collaborating with Micheldever and Protyre, Toyo Tires presented a large two-tier stand in a prime location at the Goodwood Festival of Speed; company representatives said they communicated with hundreds of visitors about Toyo, its product range and Micheldever, making it “another great year at one of Britain’s biggest celebration of motorsports and speed.”

12th August 2010/by Tyrepress Editors

Sales, Profits up at Toyo in Q1, 2010

During the first quarter of the 2010 financial year, Toyo Rubber received net sales of 72,162 million yen (£528.2 million), a 15.7 per cent increase on the same period last year. This increase in sales was matched by a 13 per cent increase in global tyre sales by volume, with a total of 43,700 tonnes of tyres produced in the three months to June 30, 2010. The bulk of this, 37,500 tonnes, was destined for the Japanese market. Operating income for the quarter was 2,612 million yen (£19.1 million), compared with an operating loss of 3,054 million yen a year earlier, and net income amounted to 743 million yen (£5.4 million) compared with a net loss of 2,620 million yen in the same period of 2009.

5th August 2010/by Tyrepress Editors

NDI, Nordexx Joins ITMA

The Imported Tyre Manufacturers’ Association has welcomed its second new member in less than a month. Nordexx, the house brand name of Britain’s NDI Tyre & Tube Supplies and of Denmark’s Nordisk Daek Import A – S has been welcomed by ITMA director Peter Taylor, who described NDI’s joining as further validation of the services ITMA provide to its members in what are very challenging times.

20th July 2010/by Tyrepress Editors

Toyo Announces Audi TT/S OE Supply

Toyo Tire & Rubber reports its Proxes T1 Sport (AO) has been chosen by Audi AG for original equipment fitment on the Audi TT and TTS models. The 255/35 R19 96Y size tyre will be, says Toyo, exclusive fitment on Audi TTS models specified with 19-inch wheels and “one of a select few makes” of tyres fitted to Audi TT models ordered with optional 19-inch wheels. The Toyo shod Audi models will be available in European, North American and Asian markets.

13th July 2010/by Tyrepress Editors

Toyo one of ‘Thailand’s Best Friends’

The Kingdom of Thailand has named Toyo Tire & Rubber one of ‘Thailand’s Best Friends 2010’ in acknowledgement of its importation of Thai natural rubber. Thailand’s Best Friends 2010 is a project implemented in line with a strategy to maintain and promote close relationships with purchasers and overseas importers of Thai products. The project, run by the country’s Ministry of Commerce, began in 2009.

5th July 2010/by Tyrepress Editors

Toyo Announces Death of Carlos Kibata

Toyo Tire Holdings of Americas Inc. has announced the death of its chairman, Carlos (Shozo) Kibata on June 26, 2010, following a brief illness. Kibata, aged 64, had been with the Toyo Tires organisation for more than 41 years and in addition to being chairman was until recently an executive corporate officer of Toyo Tire & Rubber Co., LTD. in Japan.

30th June 2010/by Tyrepress Editors