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Toyo Tire Will Establish New Plant in Republic of Serbia

Toyo Tire Corp. will establish a subsidiary in the Republic of Serbia to construct and operate a new tire manufacturing plant in Indijia City.

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Toyo Tire Corporation will establish a subsidiary in the Republic of Serbia to construct and operate a new tire manufacturing plant in Indijia City, the company announced July 30.

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Toyo Tire is supplying tires for the European and Russian market from factories in Japan and Malaysia. As of 2022, the new manufacturing base in Serbia will take on a key role in this regard, the company said.

Toyo Tire will begin construction of the plant in Serbia in May 2020 and initiate tire manufacturing operations in January 2022, with a capacity of five million tires annually (based on tires for passenger vehicles) by the summer of 2023. The plant will primarily manufacture radial tires for passenger vehicles and light trucks.

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