Shareholders of Toyo Tire & Rubber Co. Ltd. approved the official change of company name to Toyo Tire Corporation at the company’s 102nd General Meeting of Shareholders on 29 March. The change of company name will take effect on 1 January 2019.
Rubber material development teams at Toyo Tire & Rubber (Toyo Tires) have been working on the company’s ‘Nano Balance Technology’ since 2011, and have now developed a new process development technology that improves fuel efficiency in truck and bus tyres.
Toyo Tire & Rubber Co.’s board of directors passed a resolution to change the company’s name to Toyo Tire Corporation, effective January 2019.
The company said the name change reflects its increasing focus on “mobility” at its core field of business, according to a press release on Supplier Insight.
Tyrepress reported that the company’s new name must be approved as a partial amendment to the firm’s Articles of Incorporation at its shareholders meeting March 29.
Toyo Tire & Rubber Co. has announced changes to its organizational structure, assignments for corporate officers and personnel changes, taking effect the start of February.
Toyo’s President and CEO Takashi Shimizu said in a press release that the company changed its organizational structure to better align with its operational functions and reinforce management in each of the company’s divisions: R&D, sales, production and other corporate functions.
As of today, Nobuo Yoshida is president of Toyo Tyre (UK) Ltd. He replaces Keishi Inoue in this role. Inoue had been president of the UK-based operation since 1 January 2014, and now becomes general manager of the newly-established International Sales Department No. 1 within Toyo Tire & Rubber’s International Sales Division. This department, together with the new International Sales Department No. 2, replaces the division’s International Sales Department and Global OE Sales Department under restructuring measures that take effect today.
Itami City, Japan – Toyo Rubber Industry Co. and GLM, a Kyoto-based electric vehicle (EV) maker, have started the joint development of suspension modules for EVs.
In a 17 Jan statement in Japanese, the tire and rubber parts maker said the project was prompted by an increase in the…
Donald Bunn, president of Toyo Tire North America Manufacturing Inc., has assumed the additional role of chief executive officer, effective 1 January 2018. He takes over as chief executive officer from James Hawk, who as of 1 December 2017 is chairman and chief executive officer of Toyo Automotive Parts (USA), Inc.
Toyo Tire U.S.A. Corp. has introduced its new M588 heavy-duty on/off-road drive tire. The M588 is built for severe service applications including oil, gas, mining and logging operations.
The drive tire is built for durability with a 33/32” tread depth. Its special cut and chip resistant compound combined with a competitive acquisition point makes it ideal for even the harshest elements such as rough terrain, snow and mud.
CYPRESS, Calif.—Toyo Tire & Rubber Co. Ltd. has appointed Jim Hawk chairman and CEO of its U.S. subsidiary, Toyo Automotive Parts (USA) Inc.
The firm said he will hold this title in addition to his current positions—chairman of Toyo Tire Holdings of America Inc., Toyo Tire North America Manufacturing Inc. and president of Toyo Tire North America OE Sales L.L.C.
Toyo Automotive Parts (USA) was established in 2001 and focuses on the firm’s auto parts segment, supplying the automotive industry with original equipment anti-vibration rubber parts and bushings from its manufacturing facility in Franklin, Ky.
According to Law360, Doublestar Dong Feng Tyere Co Ltd and its affiliate Qingdao Doublestar Tire Industrial Co Ltd, have been ordered by a federal court in California to pay $1.6 million to Toyo Tire & Rubber Co Ltd for violating a 2014 court order, which barred Doublestar from selling tires that are “confusingly similar” to Toyo’s product.