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Apparently, the difficult economic situation at the very end of World War II in Japan led to the fact that in August 1945, two large companies that were engaged in rubber products decided to merge. These were Hirano Rubber Manufacturing Inc. (founded in 1943) and Toyo Rubber Industrial Co., Ltd. The result was the emergence of the company Toyo Tire & Rubber Co., Ltd.
From the very first days of its existence, the new company was engaged in the widest range of products, which included all kinds of rubber products. Including car tires. Toyo Tire & Rubber developed rapidly - the company's shares were listed on the stock exchange in Osaka four years later, in 1949. The following years were years of rapid development: new factories were built, shares were registered on other Japanese stock exchanges, including Tokyo. The first production facilities abroad begin to appear.
By the way, the word toyo literally translated as "Eastern Ocean". However, it is often used as a collective name for all of Asia as a whole.
|image from the official website|
Toyo Tire & Rubber is the first Japanese tire manufacturer to venture into the United States. So in 1966 the company was born. Toyo Tire Corporation — then it was only a small office in Southern California. Much later, in 1999, a company will appear on its basis. Nitto Tire North Americaresponsible for the entire North American market.
In the future, other subsidiaries responsible for other markets will appear. For example, in 1974 the Australian Vaculug Australia Ltd., now known as Toyo Tire & Rubber Australia Ltd. And in 1975 in Germany, together with Mitsubishi Corporation, was founded Toyo Reifen GmbH - now it bears the name Toyo Tire Europe GmbH.
There are also joint ventures. Such as the New Pacific Industry Co., Ltd., founded in 1987 in China, together with Cheng Shin Rubber Industry Co., Ltd.
During the years of its existence, Toyo Tire & Rubber repeatedly entered into business relations with other major tire manufacturers: the Italian Pirelli, American good year, Japanese Yokohama and others. Agreements are also signed with car manufacturers.
Companies Toyo Tire & Rubber, whose headquarters is located in Osaka, owns a lot of unique developments in the creation of car tires. The company's products are often used in sports.