2014-2016 Exhibitions
Toyo Tire & Rubber has set up Toyo Soflan Wiz in Thailand, a rigid polyurethane thermal insulation manufacturing and sales subsidiary, for the purpose of globally expanding its urethane business within the company’s DiverTech business segment.
Toyo Tires conducts every aspect of its domestic rigid polyurethane business―from technology development to manufacturing and sales through Soflan Wiz. Takashi Ohga, President, said, “We are Japan’s top supplier in terms of supply of component liquid for rigid polyurethane, which Toyo Tires manufactures and supplies for home, commercial refrigeration and home insulation building material uses, as well as very low temperature LNG (liquefied natural gas) storage tanks and LNG cargo vessels, fulfilling a wide range of needs that include condensation prevention, thermal insulation and anti-freezing.”
Toyo Soflan will manufacture and sell thermal insulated panels and component liquid for rigid polyurethane in Japan.
In the company’s new mid-term business plan, Toyo Tires has set forth a plan to achieve overseas expansion of its urethane thermal insulation products and by 2016 increase domestic and overseas net sales by 20% compared to 2013. The establishment of a manufacturing and sales subsidiary in Thailand is a critical measure for strategically expanding business in Thailand and the rest of Southeast Asia, where market growth is expected.
(PRA)
