Toyo Tire & Rubber has established Toyo Tyre Rus in Moscow, Russia, in a joint venture with Mitsubishi Corporation.


The JV was established to expand brand presence in the emerging market.


“We regard Russia as a ‘growing market for strategy expansion’ in accordance with our medium-term business plan,” the tyremaker said.


Toyo added that the the new company demonstrated its deepening commitment to the Russian market.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now