Toyo Tire & Rubber Co. unveiled Friday a pilot model of an airless tire that eliminates the risk of a flat tire and time to pump air. The company has not decided on when to put the airless tire “noair” into practical use but is working to market the prospective next-generation product at an early date, company officials said.
The board of directors of Toyo Tire U.S.A. Corp. (TTC) has announced the promotion of Roy Bromfield to president and CEO of Toyo Tire U.S.A. Corp. In this role, he is responsible for all product categories of Toyo-branded business in the U.S. replacement market.
New tire caters to sport truck and SUV market.
Toyo says their new Proxes ST III tires take both appearance and performance to a new level. With a wider tread and a new silica-based tread compound the Proxes ST III promise to stop up to 6 feet shorter in wet conditions while delivering superb handling, excellent all-season performance, consistent wear and a smooth, quiet ride.
Hyogo, Japan – July 28, 2017 – Toyo Tire & Rubber Co., Ltd. (President & CEO: Takashi Shimizu, hereinafter “TTR”) has announced that, at the meeting of the Board of Directors held today, it was resolved to divest a major part of its Chemical Industrial Products business (excluding seismic isolation rubber for Construction),which is currently consolidated under TTR’s DiverTech Business Segment (hereinafter referred to as the “Divested Business”).
Toyo Tire and Rubber Co. is to relocate its headquarters from Nishi-ku, Osaka, to Itami, in Hyogo Prefecture, Japan in order to improve cooperation and decision making by centralizing functions in one location. The tire maker is to move into a new six-story building adjacent to Toyo’s Tire Technical Center. Operations at the new headquarters will begin on May 29, 2017.
Toyo Tire U.S.A. Corp. is expanding its Open Country Line to include F-load range tires.
“At Toyo Tires we are committed to creating innovative products and solutions to address the needs and expectations of the off-road community and specialty dealers,” said Conrad Galamgam, senior director of product planning at Toyo Tire U.S.A. Corp. “These new F-load range tires enable truck owners to get the tire performance and look they desire, while meeting or exceeding the load-carrying requirements of their trucks.”
The new higher carrying capacity tires are available in the Open Country M/T, Open Country …
Toyo’s Observe line of winter tires has actually had what they call Microbit Technology for 35 years. So we thought it was time to revisit what this technology is and set the record straight.
The walnut shells are ground up and infused into the rubber of the tread. Some are embedded in the tread while other pieces are left exposed. The way they are ground up leaves sharp edges on the pieces of shell. These sharp edges dig into the ice, giving the driver better traction than tires without this technology. As the tire wears, more sharp edges are exposed, actually increasing the amount of traction given.
In Toyo Tire & Rubber Co. financial results for fiscal year 2016, the tiremaker reported decreased tire sales overall, but an increase in unit sales in the overseas replacement market.
According to the report, Toyo’s tire business net sales decreased 6.7% year-over-year to 381,635 million yen (approximately $3.34 billion) in 2016, while operating income decreased 21.7% to 45,405 million yen ($397 million). Toyo attributed this decrease in net sales to net to a strong yen and other factors.
Osaka, Japan –Toyo Tire & Rubber Co. is increasing focus on North America, with the expansion of its R&D centre in the region and setting up a dedicated a business development unit for the market.
In a statement on 11 Jan, the company said it expected to complete the expansion of its R&D capabilities at its manufacturing facility in White, Georgia, during 2017.
Toyo Tire & Rubber has announced that approval was given at its Board of Directors meeting today for the appointment of Michio Yoneda as special advisor to the company. Yoneda, who was formerly president and chief executive officer of Osaka Securities Exchange Co., Ltd., will join Toyo Tire & Rubber on 1 December.