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January 14, 2008 01:00 AM

New structure in place at Toyo

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    OSAKA, Japan — Toyo Tire & Rubber Co. Ltd. is changing the structure of its U.S. operations to enhance efficiency and improve strategic decision-making capabilities.

    The changes, which were effective Jan. 1, are reflected in new names for Toyo´s subsidiaries in the U.S., the company said. The changes are:

    — Toyo Tire International Inc. (Toyo´s holding company for its U.S. activities) is now 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.; and

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

    Toyo describes Toyo Tire Holdings as a direct subsidiary and the other three entities as second-tier subsidiaries under the holding company. The units´ headquarters remain the same: Toyo Tire Holdings, Toyo Tire U.S.A. and Nitto Tire U.S.A. in Cypress, Calif., and Toyo Tire North America Manufacturing in White, Ga.

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