Crain News Service report
OSAKA, Japan (Feb. 3, 2014) — Toyo Tire & Rubber Co. Ltd. has established a Mexican sales subsidiary for automotive anti-vibration rubber products.
The goal of Toyo Automotive Parts De Mexico S.A. De C.V. (TAM) is global expansion and growth of the auto parts business in the diver-tech business unit, the firm said. Operations began in January.
Toyo said the establishment of TAM will enable Toyo Tires to bolster sales of automotive anti-vibration rubber products in the global market through the creation of an optimal supply structure in Mexico.
TAM is located in Irapuato, Mexico. Saki Tomihiro is its president and CEO. It consists of approximately $293,727 in capital, and Toyo projects its sales at $9.79 million.
This report appeared in Rubber & Plastics News, an Akron-based sister publication of Tire Business.