Toyo Tires Chooses Location for Chinese Plant

Toyo Tire & Rubber recently announced the location of its new wholly-owned subsidiary passenger and light truck tire plant in China. The plant, which was announced in August 2009, will be located in Zhangjiagang City, Jiangsu Province. Toyo determined that Jiangsu Province would be the ideal location to establish the new factory, as it already has the necessary infrastructure, work force, and logistical support. Operations are expected to commence by the end of 2011. Initial production capacity during the first phase will be two million units of passenger car and light truck tires.

Here is the press release.