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As of 4:30 PM 06/9/14 All times are local (Market data is delayed by at least 15 minutes).

toyo tire & rubber co ltd (TOTRF) Snapshot

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toyo tire & rubber co ltd (TOTRF) Details

Toyo Tire & Rubber Co., Ltd. manufactures and sells automotive tires, industrial and construction materials, transportation equipment, and other products. It offers passenger car, truck, bus, and construction vehicle tires under the TOYO TIRES and NITTO names; and fuel-efficient tires under the NANOENERGY name. The company also provides automotive anti-vibration rubber products, constant velocity universal joint boots, and urethane seat cushions to automakers; railway air springs and railway anti-vibration rubber products to railway car makers, as well as supplies seismic isolation rubber for buildings, road materials, heat insulation materials, and OA equipment parts; and hydraulic engine mounts, couplings, and polishing pads for semiconductor manufacturing. In addition, it offers industrial materials, such as rubber couplings, industrial rubber cushions, resin hoses, fillers for gas and liquid contact, and filtering material for micro organism embedding, as well as gas meter diaphragms and various insulation materials. The company has operations in Japan, Asia, Australia, Europe, and North America. Toyo Tire & Rubber Co., Ltd. was founded in 1945 and is headquartered in Osaka, Japan.

10,319 Employees
Last Reported Date: 03/28/14
Founded in 1945

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toyo tire & rubber co ltd (TOTRF) Key Developments

U.S. International Trade Commission Issues Final Determination in Toyo Tire Design Infringement Claim

Toyo Tire & Rubber Co., Ltd. and Toyo Tire Holdings of Americas Inc. announced that the U.S. International Trade Commission (OTC) has issued its final determination against eight remaining respondents in the tire design patent infringement complaint filed by Toyo on September 20, 2013. The ITC issued limited exclusion orders and cease-and-desist orders to prohibit the importation and sale of any infringing tires by these eight respondents. Each was previously found to be in default and in violation of the law. Toyo, which markets and sells tires under the Toyo Tires(R) and Nitto(R) brands, has over the years developed and introduced passenger and light truck tires with designs that are both innovative and unique, many of which are protected by design patents issued by the U.S. Patent and Trademark Office. Toyo had originally filed complaints before the ITC against 23 manufacturers, exporters, importers, distributors and dealers located in China, Thailand and the U.S. Of the 23 respondents, 15 had earlier agreed to settle the complaint. In addition to the ITC action, Toyo had also filed several companion Federal district court cases, most of which have now been resolved. As part of the settlements, the 15 respondents agreed to cease-and-desist from importing and selling the infringing products, and to promptly dispose of any remaining inventory. Several of the manufacturers agreed to destroy molds used to produce the named products, and some paid an undisclosed cash sum to Toyo. All of the settling respondents also agreed to not manufacture, market or distribute other tires which Toyo believes infringes on its intellectual property rights, but which were not a part of the ITC action.

Toyo Tire & Rubber to Supply the Open Country A/T II Sport Utility Vehicle Tyre to Ford

Toyo Tire & Rubber announced that it will supply the Open Country A/T II (OPAT II) sport utility vehicle (SUV) tyre, manufactured by Toyo Tire North America Manufacturing (TNA), to Ford. Ford will use the original equipment (OE) tyres for its F-250 and F-350 pick-up trucks.

Toyo Tire & Rubber Co., Ltd. Announces Consolidated Financial Results for the First Quarter Ended March 31, 2014

Toyo Tire & Rubber Co., Ltd. announced consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of JPY 96,007 million against JPY 83,535 million a year ago. Operating income was JPY 11,131 million against JPY 5,961 million a year ago. Ordinary income was JPY 9,647 million against JPY 6,037 million a year ago. Income before taxes was JPY 13,768 million against JPY 5,950 a year ago. Net income was JPY 9,081 million against JPY 4,234 million a year ago.


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