ZHANGJIAGANG CITY, China (May 10, 2010)—Toyo Tire & Rubber Co. Ltd. has received local government authorization to proceed with build and operate a car and light truck plant in Zhangjiagang City in Jiangsu Province.
Toyo expects production at the $98 million plant to begin before year-end 2011. The plant will have an initial annual capacity of 2 million units, Toyo said, with 500 employees.
The new plant will operate as Toyo Tires Zhangjiagang Co. Ltd., a wholly owned subsidiary of Osaka, Japan-based Toyo.