Toyo Introduces New All-Season for LTs, SUVs

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Toyo Tire U.S.A. Corp. introduces a new premium all-season highway tire — the all-new Toyo Open Country H/T II for pickup trucks and SUVs. This next-generation tire builds on the quality and reputation of the Open Country H/T with added technology and design allowing for improved wet braking performance and handling, longer tread life and more consistent traction performance throughout the life of the tire.

Highlights include:

Read the source article at Tire Review

Toyo to raise US truck tire prices

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Cypress, California – Toyo Tire USA Corp. is raising dealer base prices 1 May on its commercial tire range by an average of 5%, with the exception of the Toyo M320 on-/off-road tire.

“Further government actions have made it necessary to adjust our commercial tire prices,” said Randy Gaetz, senior vice president, sales, referring to the recent imposition of elevated import duties on tires sourced from China.

Read the source article at European Rubber Journal

Toyo Tire Corp Sees Drop in Operating Income in 2018

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The Toyo Tire Corp. saw a drop in operating income and net sales for 2018 with projections for 2019 looking up.

In its 2018 year-end financial report, the company reported 393 billion yen ($3.55 billion) in net sales in 2018, down from 405 billion yen ($3.65 billion) in 2017. The company’s operating income stood at 42.4 billion yen ($382 million) compared to the previous year at 45.3 billion yen ($408.8 million).

Read the source article at Tire Review

Toyo Tire North America Manufacturing produces 50 millionth tire

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Toyo Tire Corporation’s US subsidiary, Toyo Tire North America Manufacturing (TNA), has manufactured its 50 millionth tire. The tire that rolled off the production line was a Ridge Grappler for light trucks, sold under the Nitto brand, in size 35 x 12.50 R20 LT 125Q 12PR.

TNA is currently in the fifth stage of a production capacity expansion. New equipment that will come online in April will boost the factory’s annual capacity by 1.2 million tires (converted for passenger vehicle tires).

Read the source article at Tire Technology International

Low Rolling Resistance Tires Market 2018: By Key Manufacturers Yokohama Tire Corporation, Cooper Tire & Rubber Company, Sumitomo, Continental, Hankook Tire, Pirelli, Bridgestone, Michelin, The Goodyear Tire & Rubber Company

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Global low rolling resistance tires market was valued at USD 60.5 Billion in 2017 and growing at a CAGR of 12.3% in the forecast period of 2018 and 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Segmentation: Global Low Rolling Resistance Tires Market

The global low rolling resistance tire market is segmented based on type, application, end user application and geography.

Based on type, the market is

Read the source article at openPR.com

Iori Suzuki Becomes Chairman of Toyo Tire Holdings of America

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Iori Suzuki, currently president and CEO of Toyo Tire Holdings of Americas Inc. (TTHA), will add the title of chairman of the company to his title.

Suzuki will continue in his role as corporate officer of the company. He succeeds James L. Hawk, CEO of Toyo Automotive Parts (USA), Inc., and chairman of Toyo Tire North America OE Sales LLC. Hawk concluded his chairman roles on December 31, 2018. He will assume the position of senior advisor to the Toyo Tire group.

Read the source article at Tire Review

Nitto invests to understand, better serve its customers

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CYPRESS, Calif.—A few years ago, Nitto started seeing conversations online and through social media from people in Europe wondering when the Nitto tires they had ordered would arrive.

Read the source article at Rubber and Plastics News

Toyo changes official name, reshuffles executives

Toyo has made a number of organizational, structural and personnel changes, including an executive reshuffle.

First, the company will change its corporate trade name from Toyo Tire & Rubber Co., Ltd. to Toyo Tire Corporation, effective on 1 January 2019. According to the company, the corporate name change will leverage “getting our business operations rolling with the aim of strengthening governance and achieving further growth, which we will endeavour to implement under a new management structure.”

Read the source article at Tyrepress

Toyo Tires US to invest US$138m in Cartersville

Toyo Tire North America Manufacturing is to invest over US$138m in its factory in Cartersville, Georgia, USA, creating more than 150 jobs.

“As the number one state for business, Georgia offers the strategic resources necessary to retain dynamic companies and support industry leaders in long-term growth,” said Nathan Deal, governor of Georgia.

Read the source article at Tire Technology International

Toyo to increase tire prices on January 1

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CYPRESS, CA — Toyo Tire U.S.A. Corp. will increase dealer base prices on select passenger, light truck and commercial truck tires, effective Jan. 1.

Read the source article at Tire Business