Toyo Tire to invest 21 billion yen in Malaysia plant expansion

Toyo Tire Corporation will invest approximately 21 billion yen to construct a new building and install equipment at its Toyo Tyre Malaysia plant in Perak, Malaysia, adding annual capacity of 4.8 million tires (passenger car tire equivalent). The first phase, with 2.4 million tires capacity, will begin operations in October 2019.

“Toyo Tire Corporation announced on September 28 that it will increase the production capacity of its tire manufacturing plants in the United States and Malaysia.”en.lnews.jp

• 1 source
• en.lnews.jpToyo Tires to invest 350 billion yen to increase production capacity at its US and Malaysian plants - LNEWS, a logistics news site.LNEWS編集部 松見Aug 28, 2017

Summarized from public sources; check the original articles before acting on it.