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The Japanese company Toyo Tire will build a factory for tires in Serbia

13 august 2019

In Bulgarian   In Macedonian   In Romanian   In Serbian

 

The Japanese producer of automobile tires and rubber products Toyo Tire Corporation plans to build a factory in the northeastern industrial park in Indija, Serbia, BalkanEngineer.com learned from SeeNews.com. The company will invest EUR 390 million in the first phase of its project.

 

 

In September, Toyo Tire will register its subsidiary in Serbia with headquarters in Belgrade with a capital of EUR 160 million. The future activities of the company will include the production and sale of radial tires for passenger cars and light trucks.

 

Toyo Tire Corporation intends to begin construction of the production facility in May 2020, which will be commissioned in January 2022. The company anticipates an annual production capacity of five million tires by the summer of 2023.

 

Source of images: pexels.com

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