Engagement with Local Communities

On December 15, 2020, we observed a groundbreaking ceremony at a new tire plant site in Indjija, the Republic of Serbia. Gathered on this occasion were members of TOYO TIRE management, who were attending remotely from Japan, and about 40 distinguished guests at the site, including the President of the Republic of Serbia and the Mayor of Indjija.
Equipped with a state-of-the-art production system, this plant will play a critical role in our global supply chain, producing quality and cost-competitive tires designed and developed at our R&D center in Germany and supplying them to markets in Europe, the Middle East, Africa, and North America. After going into operation in April 2022, the plant will reach its capacity of five million tires per year (based on tires for passenger vehicles) by the summer of 2023. Expectations for the plant are already high among those on site, with many anticipating the positive impact that the technological prowess, strict conformance with rules, attention to detail, and other attributes of Japanese companies should have on the Serbian culture through business activities and undertakings, not to mention the creation of job opportunities for the local community.
TOYO TIRE will operate the plant in a way that imparts a sense of joy and pride to the host country of Serbia and the plant operators and looks forward to building a strong relationship of trust by achieving mutual understanding with the members of the local community through communication programs and otherwise.