Toyo Tire to invest 30B yen in US plant by 2030: Nikkei

Toyo Tire to invest 30B yen in US plant by 2030: Nikkei

Toyo Tire, a leading global tire manufacturer, has announced plans to invest 30 billion yen ($270 million) in a new plant in the United States, with the project expected to be completed by 2030. This significant investment is part of the company's strategic expansion into the North American market, aiming to strengthen its competitive position and meet growing demand for high-quality tires [1].

The decision to invest in the US follows a comprehensive review of the company's global operations and strategic plans. The new plant will focus on producing tires that cater to the specific needs of the North American market, including passenger cars, light trucks, and commercial vehicles. This investment aligns with Toyo Tire's long-term commitment to innovation and sustainability, as highlighted in its 2025 Integrated Report [2].

The project will create new job opportunities and contribute to the local economy, while also positioning Toyo Tire to leverage the growing demand for electric vehicles (EVs) and autonomous driving technologies. The company's commitment to decarbonization and sustainable mobility is evident in its focus on developing eco-friendly tire products and reducing its carbon footprint [2].

Toyo Tire's management has emphasized the importance of this investment in achieving its medium-term business plan, which aims to create value for all stakeholders and contribute to the enrichment of society through its business activities. The company's strong financial position, as reflected in its latest financial report, supports this ambitious expansion plan [2].

Investors and financial professionals should closely monitor the progress of this project and its impact on Toyo Tire's financial performance. The successful completion of this investment will not only enhance the company's market share in the North American region but also strengthen its global competitive position.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3TT131:0-coca-cola-bottlers-japan-holdings-inc-to-buy-back-up-to-8-7-of-shares-worth-30-billion-yen/
[2] https://www.marketscreener.com/news/toyo-tire-integrated-report-2025-englishi-a3i-i-9mbi--ce7c5fdcde8ef424