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.jpg) The company headquarters building in Itami | |
| Toyo Tires | |
Native name | TOYO TIRE株式会社 |
Romanized name | TŌYŌ TAIYA kabushiki gaisha |
| Formerly | Toyo Tire & Rubber Co., Ltd (until 2019) |
| Company type | PublicKK |
| TYO:5105 | |
| Industry | Automotive |
| Founded | August 1, 1945; 80 years ago (1945-08-01) |
| Headquarters | Itami,Hyogo, Japan |
Area served | Global |
Key people | Takashi Shimizu (CEO) |
| Products | Motor vehicle tires Industrial rubber products Rubber automotive parts |
| Revenue |  JPY 497 billion (FY 2022) |
| JPY 48 billion (FY 2022) | |
Number of employees | 12,804 (consolidated, as of December 31, 2018) |
| Website | www |
| Footnotes / references [1][2] | |
Toyo Tire Corporation (TOYO TIRE株式会社,TŌYŌ TAIYA Kabushiki-gaisha), commonly known asToyo Tires, is a multinationaltire andrubber products company based inItami,Japan. The company owns and operates eight factories inAsia,North America, andEurope and distributes tires andautomotive components through fourteen sales companies throughout the world.[citation needed]
Its lines of business are manufacturing and marketing of car tires, industrial rubber andsynthetic resin products, soft and rigidpolyurethane products, waterproof sheets, anti-vibration rubber for automotive parts,seat cushions, andsporting goods.[citation needed] Its tire brands are Toyo, Nitto, and Silverstone.[citation needed]
Toyo Tires posted net sales of 497BJapanese yen forfiscal year 2022. It is the eleventh largest tire company in the world based on 2022 revenue.[citation needed]
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The company started in 1945. In 1966, the company[3] expanded to theUnited States asToyo Tire USA Corporation. In 1999,Nitto Tire North America was established.
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Toyo has sponsored off-roadTrophy Truck drivers includingRobby Gordon,Kyle LeDuc, BJ Baldwin,Tavo Vildósola,Gus Vildósola, Andy McMillin and Bryce Menzies. As well as rally and stunt driverKen Block.
Meanwhile, Nitto has sponsored theKing of the Hammers rock crawling race, and drifting drivers Vaughn Gittin (since 2013), Chelsea DeNofa (since 2017),Ryan Tuerck (since 2019),Fredric Aasbø (since 2020), and Adam LZ (since 2021).
In1988, Toyo began an exclusive sponsorship deal with legendary Australianrally andtouring car driverColin Bond who was running aFord Sierra RS500 in theAustralian Touring Car Championship. Using largely experimental tyres as at the time Toyo were relatively new to makingRacing slick tyres compared to their opposition (in Australian touring car racing the other tyre manufacturers of the time wereDunlop,Bridgestone,Yokohama,Pirelli andAvon), Bond would finish 3rd in the championship in1988 as well as winning theAmaroo Park basedAMSCAR series. He then teamed with1980Formula One World Drivers' Champion and formerNetwork Alfa team mateAlan Jones to finish 3rd in the1988 Tooheys 1000 atBathurst before finishing 2nd outright in theAsia-Pacific Touring Car Championship. After a lean year in1989, Bond and the Toyo's returned to prominence in the1990 Australian Touring Car Championship, winning theLakeside andMallala rounds of the 8 round series to eventually finish the title in 4th place. Bond continued to run Toyo tyres on his teams cars (the Sierra's were followed in1993 byToyota Corolla Seca AE93's) until shutting his team down at the end of 1993. Bond and team mate John Smith had placed 3rd and 2nd respectively in the Corolla's in the1993Australian 2.0 Litre Championship.
The company has also sponsored theUltimate Fighting Championship mixed martial arts promotion from 2006 to 2008 and later since 2011.
Since 2012, the company has been sponsoringToyo Tires F1600 Championship Series, anOntario-basedFormula Ford racing series.
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