Toyo modifying U.S. structure, unit names

OSAKA, Japan (Dec. 27, 2007) — Toyo Tire & Rubber Co. Ltd. aims to enhance its efficiency and improve its strategic decision-making capabilities by changing its U.S. operations structure.

The changes, effective Jan. 1, will be reflected in new names for Toyo's subsidiaries in the U.S., the company said. They are:

  • Toyo Tire International Inc. (Toyo's holding company for its U.S. activities) will become Toyo Tire Holdings of Americas Inc.

  • Toyo Tire (U.S.A.) Corp. becomes Toyo Tire U.S.A. Corp.

  • Nitto Tire North America Inc. becomes Nitto Tire U.S.A. Inc.

  • Toyo Tire North America Inc. becomes Toyo Tire North America Manufacturing Inc.

    • The units' headquarters remain the same: Toyo Tire International, Toyo Tire U.S.A. and Nitto Tire U.S.A. in Cypress, Calif., and Toyo Tire North America Manufacturing in White, Ga.

    Toyo describes Toyo Tire Holdings as a direct subsidiary and the other three entities as second-tier subsidiaries under the holding company. Shozo Kibata remains at the head of Toyo Tire Holdings and of the manufacturing unit.

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