Toyo Tire Corporation announced that it will establish a new R&D Center, the first European technology development site, in Germany (Willich, North Rhine-Westphalia). The center is planned to begin operation this fall with an objective of building a strong technical foundation in Europe by strengthening capability of product development, corresponding to the 'movement' of next-generation mobility. With the establishment of the center, Toyo will have technology development sites in the United States, Japan and Europe respectively. Toyo will enhance its capability of development among the current R&D centers and the new European center by combining and sharing knowledge and information collected. In order to enhance its state-of-the-art technology in Europe, Toyo has announced on July 30th this year, to build a tire plant in the Republic of Serbia, starting tire production from January 2022. In line to this, Toyo will establish the technology center to expand its capability of collecting market information in the field of tire related materials, and the latest technology of tire products driven by the movement of next-generation mobility.