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Toyo Posted Income, Sales Increases in 2021

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Toyo grew its operating income by 46.1% during 2021.

Toyo Tire Corp. increased its year-over-year net sales by 14.5% and its year-over-year operating income by 46.1% during 2021.

The company's tire business enjoyed a 15.7% increase in sales and a 43.7% increase in operating income versus 2020.

Toyo's auto parts business posted a 5% increase in sales 2020 versus 2021.

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