OSAKA, Japan — Toyo Tire & Rubber Co. has announced it will build a new manufacturing plant in the U.S. for the production of passenger car and light truck tires.
The new plant will be located in the eastern-half of the U.S., with start-up scheduled for early 2006. Toyo said it will invest $150 million in the facility, which is expected to produce approximately two million passenger car and light truck tires annually.
“Producing Toyo tires at a U.S.-based facility will more fully enable us to serve our customers in North America,” said Yoshio Kataoka, president and CEO Toyo. “Our greatest demand is in the North American market.”
Once the plant becomes operational, it will initially employ approximately 350 workers. “We take very seriously our commitment to the communities where our facilities are located,” said Kataoka. “Toyo is, and will remain, a good corporate citizen and a good neighbor.”