Toyo establishes Mexican subsidiary for auto products
ERJ staff report (RPN)
Osaka, Japan – Toyo Tire & Rubber Co. Ltd. has established a Mexican sales subsidiary for automotive anti-vibration rubber products, Rubber & Plastics News reported.
The goal of Toyo Automotive Parts De Mexico S.A. De C.V. is global expansion and growth of the auto parts business in the diver-tech business unit, the firm said. Operations began in January.
Toyo said the establishment of TAM will enable Toyo Tires to bolster sales of automotive anti-vibration rubber products in the global market through the creation of an optimal supply structure in Mexico.
TAM is located in Irapuato, Mexico. Saki Tomihiro is its president and CEO. It consists of approximately $293,727 (€217,366) in capital, and Toyo projects its sales at $9.79m (€7.24m).