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The ceremony was attended by about 40 distinguished guests, including President Aleksandar Vučić of the Republic of Serbia, Mayor Vladimir Gak of Indjija City, and Mr. Takahiko Katsumata, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Serbia, who prayed for safe construction. As the ceremony was organized with the utmost care to prevent the spread of COVID-19, President Shimizu participated remotely from Japan.

In his address, President Shimizu expressed his enthusiasm for Toyo Tire's first plant in Europe: "Many of the products produced at this plant will be designed and developed at our new R&D center in Germany. Our future goal is to produce tires created entirely in Europe." President Vučić expressed his appreciation in his comment: "This is such an important and valuable investment for Serbia, that I cannot find the right words to describe it. I owe a special gratitude to all the people from Japan and our country who supported the arrival of such an important and powerful company in Serbia."*
*Excerpt

Toyo Tire is pursuing broad business opportunities in North America and elsewhere by tapping into its distinctive, high-value-added products. As the 8th manufacturing base of Toyo Tire, the new plant in Serbia marks the first step in the drive to realize the company's global growth strategy. In collaboration with the European R&D Center, which was opened in November 2019, Toyo Tire continues to enhance its cost competitiveness and engineering prowess.

The new plant is due to start tire manufacturing operations in April 2022, with a capacity of five million tires per annum (based on tires for passenger vehicles) by the summer of 2023.

 ■ Outline of new plant

■ Profile of Toyo Tire Serbia LLC Belgrade