Toyo Tire Boosts US Output to Counter Tariff Impact
ByAinvest
Friday, Aug 8, 2025 1:12 am ET1min read
TOYO--
Toyo Tire plans to absorb a ¥12.6 billion tariff impact through price adjustments, production mix overhaul, and a ¥30 billion investment to expand US output. The company will accelerate production of high-margin tires at its Georgia plant and raise prices for passenger vehicle tires exported overseas. Toyo raised its full-year operating profit forecast to ¥90 billion and aims to expand market share in Southeast Asia and Europe.
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