Toyo Tire Corp - Company Profile

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Toyo Tire Corp: Segment Analysis

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Business Description

Toyo Tire Corporation (Toyo Tire) is primarily engaged in the manufacture and sale of tires. The company offers tires, bushes, engine mounts, seat cushions, springs for railway cars, car barrier stoppers, lane dividers, and other related products. It also develops and sells automotive parts such as anti-vibration rubber for cars. The company operates through its 38 subsidiaries. The company produces tires for passenger vehicles, light trucks, trucks, and buses. It also operates in the automotive parts industry, focusing on anti-vibration rubber products.

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R&D Overview

Toyo Tire is focused on enhancing its core competencies through various R&D initiatives, including the development of advanced tire and vibration control technologies. The company employs Nano Balance Technology for molecular-level rubber design, T-MODE for AI-integrated tire design, e-balance for eco-friendly truck and bus tires, and A.T.O.M. for high-quality tire production. Additionally, Toyo Tire Corp is working on anti-vibration technologies for automotive parts and integrating technologies for new product development. The company is also committed to creating new materials and technologies to support future business growth. The R&D units of Toyo Tire Corp include the Corporate Technology Center and the Automotive Parts Technical Center. The Corporate Technology Center is responsible for establishing the direction of technology development across the company, developing proprietary technology seeds, and working on future technologies. The Automotive Parts Technical Center focuses on gathering information on new automotive technologies, establishing new technologies to meet car makers' performance requirements, and developing high-added-value products.

Business Segments

Overview

Manufactures and sells automotive parts including rubber vibration isolators. Its product portfolio includes, bushes, engine mounts, seat cushions, springs for railway cars, car barriers stoppers, lane dividers and rubber hoses among others. It operates manufacturing facilities in the US, China, and Japan.

Performance

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Overview

Manufactures tires for passenger cars, commercial vehicles, buses, trucks, industrial vehicles. It also manufactures tires for heavy construction machinery as wells as studless snow tires. The company sells these products in over 200 countries. It operates manufacturing facilities in Japan, the US, China, and Malaysia. Major brands include Toyo Tires and Nitto.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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