Toyo Tire Corporation announced that the name of the tire manufacturing plant in Europe, whose establishment was approved by a resolution at the meeting of the Board of Directors held on July 30, 2019, has been decided as follows. Registration of this new subsidiary was filed on October 4, 2019 under a provisional name. Profile of the new tire production subsidiary: Name: Toyo Tire Serbia LLC Belgrade; Location: Belgrade, the Republic of Serbia; Representative: Kenta Kuribayashi; Business Details: Manufacture and sales of radial tires for passenger vehicles and light trucks; Capital: JPY 20 billion (EUR 160 million).