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Toyo Tires installing a mega solar power plant with an installed capacity of 14.0 MW at its tyre factory in Malaysia, Toyo Tire Malaysia SDN BHD (TTM).

(Left: TTM mega solar system Right: Ribbon cutting)

In order to reduce CO₂ emissions, TTM will install^*2 the largest^*1 mega-solar system in the state of Perak, Malaysia on the 96,000-square-meter rooftop space of the factory building. In response to the successful completion of the first half of the construction, a commemorative ceremony was held today with the attendance of Perak Governor Saarani Bin Mohamad, administrative officials, local officials, and business partners. has been held. Governor Saarani commented, "We welcome Toyo Tire's further focus on ESG initiatives to create a sustainable business environment in Malaysia. Toyo Tire and Solarvest will work together towards a greener future. I am proud to be able to meet you." The system is scheduled to be fully operational in December of this year, and is expected to generate approximately 19,000 MWh of electricity annually, reducing CO₂ emissions by approximately 12,000 tons per year.

TTM started operations in May 2013. Equipped with high productivity, it functions as a global hub that supplies high-performance tyres with excellent uniformity^*3 not only to Southeast Asia, but also to North America, Europe, and Japan.^. In addition to solar power generation, TTM will also work on energy saving in the manufacturing process to promote decarbonization in business activities.

Under the "TOYO TIRE Group's Sustainability Management Policy," we aim to achieve carbon neutrality by 2050, and have set a target of reducing Scope 1+2 CO₂ emissions*4 by 46% (compared to 2019 ) by 2030. We will pursue the significance of the existence of the Toyo Tire Group by incorporating sustainability and ESG into the cornerstones of our business management and returning the economic, environmental, and social values ​​we have created to society^_*4:.