Toyo to invest €364 million in Serbian tire factory by the end of 2023

Sep 20, 2020

Toyo to invest €364 million in Serbian tire factory by the end of 2023

Japanese company Toyo Tire plans to invest 364 million euros in its tire plant in Serbia by the end of 2023. This was reported by the authorities of the city of Indzhiya, where the Toyo plant is located.

In 2019, Toyo announced its intention to build a 300,000 sq. M plant in the Serbian city of Indzhia. m. At the first stage, the tire manufacturing enterprise will create 523 jobs in the region.

In October last year, Toyo Tire established its Serbian subsidiary Toyo Tire Serbia, based in Belgrade, which manufactures and markets radial passenger car and light truck tires.


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