Toyo Tire Corporation announced the official opening of a new passenger vehicle tire factory in the Municipality of Indjija, in the Republic of Serbia.
Toyo Tires’ First-Ever Tire Production Site in Europe
Prior to this, production had partially started in July 2022 as the factory became operational with all equipment being installed. With President Aleksandar Vučić of the Republic of Serbia and a long list of distinguished guests in attendance, the opening ceremony was observed at the factory. More stories on the ceremony will be published here at a later date.
The new factory in Serbia features state-of-the-art technologies, such as enterprise resource planning (ERP) and manufacturing execution system (MES), to visualize processes. By precisely linking the status information of each piece of highly productive production equipment, this “smart factory” unlocks a higher dimension of production management system optimization.
In 2019, Toyo Tires established an R&D Center in the Federal Republic of Germany to continue to search for and study cutting-edge raw materials, gather the latest information on vehicles and markets, and enhance the capabilities to develop high-performance technologies at each design process of structures, shapes, and patterns. By taking advantage of these leading-edge technologies, this new factory is responsible for the production of high-performance, competitive tires that meet market demands, including the ongoing shift to electric vehicles (EVs).
Enhanced Capacity and State-of-the-art Technologies
Adjacent to the factory building is a proving ground with a straight track of 720 m and a total length of 1,690 m. Test runs will be carried out in order to gather data on tires, the results of which will be used to promptly verify compliance with finely-segmented laws/regulations and certification requirements in Europe, delivering good-quality tires to the market.
Also laid out on its premises is a solar power system, one of the largest in the country (electric generating capacity: 8.4 MW), which not only provides 10.15 GWh of electricity output but also helps to reduce 7,100 tons of CO2 emissions per annum.
The new factory is expected to reach its full capacity of approximately five million tires per annum (based on tires for passenger vehicles) during the second half of fiscal 2023. While meeting local demand in its home region of Europe, it will also cater strategically to the company’s main market in North America.
With the prospect that the new factory will bring about novel business value to the business in Europe and North America, Toyo Tires has renewed its determination to provide the market with competitive products, helping more customers with its manufacturing prowess.