Published on August 5th, 2011 | by Daniel Sherman Fernandez0
Toyo Tires To Build Plant In Malaysia
Toyo Tires has announced its plans to build a new tyre plant in Perak, Malaysia. The Japnese manufacturer’s board of directors decided to construct a new facility in order to strengthen Toyo’s production-supply capability for passenger car and light truck tyres mainly in the Asia region.
Toyo aims to make sales worth 310 billion yen and operating income at 24 billion yen this year from tyres. The company says it has established a “three-point global production supply structure based on Asia, Japan and North America, in order to achieve a world-wide supply of 45 million tyres in 2015, representing an increase of 55 per cent from 2010 levels.