toyo-new-hq-2017

Toyo divesting industrial products unit to Nitta, Sekisui

Hyogo, Japan – Toyo Tire & Rubber Co. Ltd. has agreed to divest major portions of its chemical industrial products business unit to fellow Japanese companies Nitta Corp. and Sekisui Chemical Co. Ltd. for undisclosed sums.

Among the businesses being divested are components for railway cars, industrial rubber products, hoses, waterproof materials, rigid polyurethane products, etc.

Toyo stressed that the seismic isolation rubber business —- which was involved in a series of fraudulent business transactions over the past several years that resulted in tens of millions of…

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