Toyo donates $1.9 million to relief efforts in Japan
Toyo Tire & Rubber Co. Ltd. will donate 150 million Japanese yen (approximately $1.9 million) to assist in the relief efforts following the catastrophic earthquake and tsunami that struck the Pacific Coast of the Tohoku Region in Japan on March 11, 2011.
The Miyagi Prefecture will receive 100 million yen, while the Fukushima Prefecture will receive 50 million yen.
"Toyo Tires Group has close and long-standing ties to the communities of both Miyagi and Fukushima Prefectures, which have suffered devastating losses in the aftermath of the earthquake and tsunami," says the company in an official statement.
As a group, Toyo has three plants in the area: the Sendai factory, located in Iwanuma City, Miyagi Prefecture; Fukushima Rubber Co. Ltd., a manufacturing subsidiary, in Fukushima City, Fukushima Prefecture; and the Iwaki factory of the Soflan Wiz Co. Ltd., another manufacturing subsidiary, in Iwaki City, Fukushima Prefecture.
There also are a number of branches and sales offices of Toyo Tire and Toyo Chemical/Industrial Products Sales Corp. in the region.
"All of us at Toyo Tires Group hope that our financial contribution to these communities will assist the people of this region who have suffered alongside us in these difficult days, and help lay the foundation to rebuild the region."
In addition to Toyo, Yokohama Rubber Co. Ltd., Bridgestone Americas Inc. and 31 Inc. have made donations to the aid in the relief efforts.
(For the latest on Toyo's manufacturing facilities in Japan, click on "Toyo plant gets power, prepares to produce.")