Page 30 - The Tyreman 2019 - 5
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Toyo Tyre Malaysia Sdn Bhd (TTM) President Mike Toh and Toyo Tire Corporation President and CEO Ta- kashi Shimizu announced the completion of a new plant building in its Phase 2 expansion plan. TTM is the Malaysian tyre manu- facturing subsidiary of Toyo Tire Corporation.
Toyo Tires announced in 2017 that TTM would add a new building and equip-
local tyre news
Toyo Tyre Malaysia Completes New Plant Building in Phase 2 E
ment to expand its produc- to align with the ‘Mid-term ’17’ business strategy. This expansion in produc- tion capacity is part of its plan to ‘strengthen the company’s business foun- dation in order to maxi- its tyre business policy. It is intended to further so- lidify Toyo Tires’ sales of large-diameter tyres for pickup trucks, SUVs and CUVs, where Toyo Tires already has a competitive advantage.
TTM’s Phase 2 plant ex- pansion comes in two stages. It would include the construction of a new plant building and installa- tion of additional produc-
tion equipment. The 1st stage would see an increase in pro- duction capacity of 2.4 million tyres to boost total capacity to 7.4 million per year (calculated for passenger car tyres) when fully completed by year 2020. This would make TTM the largest tyre plant in Malaysia.
TTM recently with Dr Ong Kian Ming, Deputy Minister of International Trade and Industry, thanked the Malaysian Federal Government and Perak State Government for their ‘cooperation and invaluable support in making TTM for what it is today’.
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