Toyo Tire & Rubber Company

Toyo Tire Corporation (TOYO TIREトーヨータイヤ株式会社, TŌYŌ TAIYA Kabushiki-gaisha) is a tire and rubber products company based in Japan.

Toyo Tire Corporation
Native name
TOYO TIREトーヨータイヤ株式会社
TŌYŌ TAIYA kabushiki gaisha
Formerly
Toyo Tire & Rubber Co., Ltd (until 2019)
Public KK
Traded asTYO: 5105
ISINJP3610600003 
IndustryAutomotive
FoundedAugust 1, 1945 (1945-08-01)
HeadquartersItami, Hyogo, Japan
Area served
Global
Key people
Akira Nobuki
(Chairman of the board)
ProductsMotor vehicle tires
Industrial rubber products
Rubber automotive parts
Revenue US$ 3.82 billion (FY 2013) (JPY 000.00 billion) (FY 2013)
US$ 303.3 million (FY 2013) (JPY 31.24 billion) (FY 2013)
Number of employees
10,292 (consolidated, as of December 31, 2013)
WebsiteOfficial website
Footnotes / references
[1][2]

History

The company started in 1945. In 1966, the company expanded to the United States as Toyo Tire Corporation. In 1999, Nitto Tire North America was established.

Timeline

DateEvent
August 1945Toyo Tire & Rubber Co., Ltd. is established
August 1947The first truck tire exported
July 1953The Itami Manufacturing Complex is opened
May 1956Ayabe Toyo Rubber Co., Ltd. is established
October 1959Toyo Soflan Co., Ltd. is established
December 1961The Central R&D Laboratories (now the Technical Research Center) is opened
1963Car tires are exported to the United States for the first time
March 1964Chubu Soflan Kakoh Co., Ltd. (now Chubu Soflan Co., Ltd.) is established
September 1964The Hyogo Plant is opened
March 1965Tohoku Toyo Rubber Co., Ltd. (now the Sendai Plant) is established
July 1966Toyo Tire & Rubber becomes the first Japanese tire manufacturer to establish a U.S. subsidiary (Toyo Tire (U.S.A.) Corp.)
April 1971The Akashi Plant is opened
June 1971Toyo Giant Tire Co.,Ltd (presently Nippon Giant Tire Co.,Ltd) established
February 1974Toyo Tire & Rubber acquires a capital interest in Vaculug Australia Ltd. (now Toyo Tyre and Rubber Australia Ltd.)
March 1974Toyo Tire & Rubber acquires a capital interest in Fukushima Rubber Co., Ltd
April 1974The Soflan Technical Center is opened at the Hyogo Plant
July 1974T.G.K.Seals Co., Ltd. (now T.G.K. Co., Ltd.) is established
July 1974Tire Testing Course opened in Miyazaki Prefecture, Japan—the first of its kind built by a Japanese tire manufacturer
September 1975Toyo Reifen GmbH established in Germany, Neuss
February 1979Toyo Tire & Rubber forms a comprehensive business partnership with Nitto Tire Co., Ltd
February 1979Ryoto Tire Co., Ltd. (now the Kuwana Plant) is established
March 1982Alliance agreement with Continental AG concluded
January 1982Toyo Tire Canada Inc. established
June 1983The Fukushima Plant is opened
April 1986The Automotive Parts Technical Center is opened
November 1986Nippon Giant Tire Co.,Ltd. established.(J.V.company with Goodyear Tire & Rubber Company.)
March 1987New Pacific Industry Co., Ltd. is established as a joint venture with Cheng Shin Rubber Industry Co., Ltd. In the Republic of China
August 1988Dynamic Simulation Optimized Contour Theory (DSOC) is announced as a new design theory for truck and bus tire
November 1988GTY Tire Company is established as a joint venture
October 1989The High-Polymer Processing Technology Center is opened at the Fukushima Plant
February 1990Toyo Banden Nederland B.V. established
January 1993Tire Testing Course opened in Saroma, Hokkaido
June 1993Toyo Rubber(Malaysia) Sdn.Bhd. established
July 1995The Tranpath MP minivan tire is launched as the first product in the Tranpath series
January 1996Toyo Tire & Rubber acquires a capital interest in Cheng Shin-Toyo Tire & Rubber (China) Co., Ltd
December 1998The Itami Manufacturing Complex is closed
September 1999Toyo Tire & Rubber forms a business partnership with Kinugawa Rubber Industrial Co., Ltd.,
April 2000The East Japan Automotive Parts Technical Center is opened
December 2000T-Mode is announced as a new basic design systems for tires
February 2001Toyo Automotive Parts (U.S.A.), Inc. is established in Kentucky, U.S.A
November 2001The main building at the Toyo Technical Center is completed
August 2002Toyo Tire & Rubber acquires a capital interest in Cheng Shin-Petrel Tire (Xiamen) Co., Ltd. (China)
October 2002A major shopping mall, Diamond City Terrace, is opened on the site of the former Itami Manufacturing Complex
January 2003Toyo Tire (Shanghai) Co., Ltd. is established as a joint venture in Shanghai, China
May 2003Toyo Rubber Chemical & Industrial Products (HK) Limited is established in Hong Kong, China
June 2004Toyo Tire North America, Inc. is established in Bartow County, Georgia U.S.A., as a tire manufacturing base
September 2004Toyo Automotive Parts (Guangzhou) Co., Ltd. is established in Guangzhou, China

Lines of business

Manufacturing and marketing of car tires, industrial rubber and synthetic resin products, soft and rigid polyurethane products, waterproof sheets, anti-vibration rubber for automotive parts, seat cushions, and sporting goods.

Tire brands

  • Toyo
  • Nitto
  • Silverstone

References

  1. "Corporate Data". Toyo Tires. Retrieved February 27, 2015.
  2. "Company Profile". Bloomberg L.P. Retrieved February 27, 2015.
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