INDJIJA, Serbia — With Serbian President Aleksandar Vučić and other "distinguished" guests in attendance, Toyo Tire Corp. ceremoniously inaugurated production Dec. 14 at its $450 million passenger tire plant in Indjija.
The plant, Toyo's first in Europe and eighth worldwide, began trial production in July. A portion of the plant's 5 million unit/year capacity is earmarked for export to the U.S.
Adjacent to the factory building is a proving ground with length of just over a mile, including 0.4-mile straightaway, where Toyo said it will be able to gather on-track data on tires that can be used to verify compliance with laws/regulations and certification requirements in Europe.
This factory in Inđija — a municipality of about 47,000 inhabitants located 35 miles northwest of Belgrade in the province of Vojvodina — will be operated by Toyo Tire Serbia d.o.o., a Toyo Tire subsidiary. The company anticipates full employment will be about 580 at full capacity, which could be reached by the second half of 2023.