Jun. 21, 2012
(Announcement)Consolidation and Structural Change in Diver-Tech Chemical and Industrial Products Business
OSAKA, JAPAN – June 21, 2012 – TOYO TIRE & RUBBER CO., LTD. (President and CEO: Kenji Nakakura) announces that, as of January 1st, 2013, the development, manufacture and sales of railway vehicle parts, OA equipment parts, industrial, construction and waterproof materials products will be consolidated into the Toyo Chemical/Industrial0 Products Sales Corporation (Headquarter in Tokyo), in order to optimize the management resources in the Diver-Tech business segment. The company whose name will be changed to “Toyo Chemical Products/Industrial Co., Ltd.” (effective from 1 January, 2013) will be operated as a new company which will oversee this integrated business in the Toyo Group.
[ Outline of the Consolidated Company ]
|Consolidated to||: Toyo Chemical/Industrial Products Sale Corporation
(Name will change tentatively to Toyo Chemical Products/Industrial Co., Ltd.
as of January 1, 2013)
|Capital||: 225 Million Yen|
|Headquarters||: Tokyo, Japan|
|Branches||: Sapporo, Tohoku, Chubu, Osaka, Chugoku,
|Nature of Business||: Manufacturing, procurement, development and sales of the entire array
of chemical and industrial products
<Departments and corporations to be consolidated>
In the Toyo Tire and Rubber Co., Ltd.
Industrial Products Sales Dept. (Sales section)
Rubber Materials Technology, DT R&D Division (Technology section)
* a part of Tech Products Development Department
Hyogo Manufacturing Complex Akashi Plant (Manufacturing section)
Toyo Chemical/Industrial Products Sales Corporation has up to now procured and conducted the sales of the products of the various types of industrial rubber products which have been developed and manufactured by Toyo Tires, such as standard anti-vibration rubber products, horses, seismic isolation bearing laminated rubber for buildings, thermal insulation materials and waterproofing materials and so on.
By transferring and consolidating the development, manufacturing and sales sections in this segment into one company, and organizing an independent business unit with an integrated technology development, manufacture, sales, service and management, this company will be positioned as one of the core firms under the Diver-Tech business, and thus work toward a greater and more flexible growth in the Chemical and Industrial Products business.
Through this realignment in business structure, Toyo Tires will effectuate greater efficiency in management and speedy decision making, and thereby work toward increased profitability in the Diver-Tech Business segment.
TOYO TIRE & RUBBER CO., LTD. CORPORATE COMMUNICATIONS PLANNING
Hyogo Head office Telephone: +81-72-789-9100 Facsimile: +81-72-773-3272
Tokyo office Telephone: +81-3-5822-6621 Facsimile: +81-3-3865-2240