CYPRESS, Calif. — Toyo Tire U.S.A. Corp. has promoted Chad Stanley, a strategic account business development manager since 2017, to director of sales, northern division, and re-assigned two other regional sales directors to new territories.
Toyo Tire Corp.’s President and CEO Takashi Shimizu and its Board of Directors resolved to sell a portion of its stock holdings in Bridgestone
Corporation, with whom Toyo Tire maintains business and capital
The company will sell 50% of its holdings of over 3 million shares worth 4,000 million yen on the Tokyo Stock Exchange. The sale is expected to be completed by Feb. 29, 2020.
Under a 2008 framework of business and capital alliances, Toyo
Toyo Tires continues to support USAD 25 Hours of Thunderhill with its on-site VIP Track Services and Hospitality for Racers and Teams.
The 25 Hours is the longest endurance road race in North America and Toyo Tires is celebrating its eighth year supporting the event.
Japan’s Bridgestone Corp. retained the title of world’s largest tire maker for the 11th straight year, edging out France’s Group Michelin again.
HYOGO, Japan — Toyo Tire Corp.’s decision to build a tire plant in Europe will play a pivotal role in the firm’s growth strategy for the next four years, plans that call for raising the company’s global production capacity by 8 million units a year and improving its market-share position in North America.
Toyo Tire USA Corp has developed the Open Country SxS for side-by-side vehicles. It features traits of the Open Country M/T-R racing tire, but has been designed in a smaller package. The tire’s 32in diameter provides high ground clearance for tackling obstacles. A durable construction and advanced compounds developed through motorsport provide responsive off-road traction on rocky paths, muddy trails and uneven surfaces.
Yukio Hasegawa has been named the new president of Toyo Tire Corporation’s subsidiary in Russia, effective tomorrow. He succeeds Kenta Kuribayashi in this role. Kuribayashi remains chief executive officer of the Toyo Tire RUS LLC operation (and president of Toyo Tire Europe GmbH) and will additionally, as of tomorrow, become the Russian subsidiary’s chairman.
Toyo Tire has advanced its conventional tire design base technology, which blends computer aided engineering and artificial intelligence, into a new development process badged T-Mode.
It uses a combination of two simulation technologies employing supercomputers – tire simulation, which reproduces tire motion for performance prediction and structural analysis, and driving simulation, which involves modeling of the vehicle, and takes into account passenger numbers, loads, driving patterns and more, to assess the impact of vehicle motion on tires.
Capacity at Toyo Tire North America Manufacturing (TNA) is to be ramped up as part of its expansion project at the facility. The fifth phase will involve installation of more production equipment in the empty space at the factory, which was expanded at the end of last year to boost capacity. The work will begin in September 2020 and will come online in January 2021. Investment will total about ¥7bn (US$64.65m). TNA expects to create 120 new jobs through the expansion.
Toyo Tires has added a new size (40X15.50R26LT) to the Open Country M/T (maximum traction tire) for light trucks.
The Open Country M/T is legendary for its durability, off-road performance, long tread life, and aggressive tread. It is designed to help trucks work hard on pavement, then work just as hard when roads are muddy, snowy, and rocky—or when there are no roads at all.