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:
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.