Toyo Tire opens Chinese joint venture plant
ERJ staff report (TP)
Osaka, Japan – Toyo Tire & Rubber Co., Ltd held an opening ceremony 18 June for the production facility of its joint venture (JV) plant in Wuxi, China.
Wuxi Toyo Meifeng Rubber Products Manufacturing Co., Ltd. (TMW) is a JV company with Wuxi Meifeng Rubber Products Manufacturing Co., Ltd for manufacturing and distributing parts for railway vehicles in China.
For over 50 years, Toyo Tires has developed and manufactured air springs and anti-vibration rubber components for railway vehicles, supplying these products primarily in Japan.
Based on the company’s 2014 mid-term business plan, Toyo Tires said it will “make an effort to bolster the overseas business foundation of its railway vehicle component business. It plans to boost the ratio of overseas production to 35% by 2016, and will accelerate business growth with the full-fledged operation of TMW as a foothold to global expansion”.