Toyo to expand US, Malaysian tire plants

Hyogo, Japan—Toyo Tire & Rubber Co. Ltd. is planning to expand tire production capacity in the US and Malaysia, and is considering additional capacity expansions at new and/or existing plants to fulfill its growth expectations.

Toyo is budgeting $125 million and $187.5 million, respectively, for the US and Malaysian projects, which will add capacities for 2.4 million passenger tires a year at the company’s White, Ga., plant and 4.8 million a year at the Toyo Tyre Malaysia Sdn Bhd. plant in Perak, Malaysia.

Toyo’s plant in White…

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