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Toyo Tire Corporation (Headquarters: Itami City, Hyogo Prefecture; President: Takashi Shimizu) announces that it will establish a new R&D Center, the first European technology development site in Germany (Willich, North Rhine-Westphalia). The center is planned to begin operation this fall with an objective of building a strong technical foundation, by strengthening product development, corresponding to the “movement” of next-generation mobility. With the establishment of this center, Toyo will have technology development sites in the United States, Japan, and Europe. Toyo will enhance its capability of development among the current R&D centers and the new European center by combing and sharing each sites knowledge and information collected.

In order to enhance its state-of-the-art technology in Europe, Toyo has announced to build a tire plant in the Republic of Serbia on the 30th of July this year, starting tire production from January 2022. In line to this, Toyo will establish the technology center to expand its capability of collecting market information in the field of tire relatedmaterials, and the latest technology of tire products driven by themovement of next-generationmobility. Europe, being a home to large numbers of top-ranking automobile manufacturer, and automobile-related company, to have a base inEurope is beneficial for Toyo especially in terms of the quality and fresh information. The center will combine material research with technology development and fulfill the function of ensuring the development and production of high-performance, high-value-added tires in the new plant developed on site.

Going forward, in conjunction with the beginning of full-fledged operations at the new European plant, Toyo will continuously enhance its foundation for various types of technology in the field of tire compounding, production method, assessment, simulation technology, leading to strengthen its strategic products. Such aim has already led Toyo to start its study of future expansion of the R&D function in Europe beyond this site.

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