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Development Agency of Serbia Industry Serbia Subotica Sombor Zrenjanin 2 Novi Sad 88,499 KM Belgrade Pančevo Smederevo 7 MILLION Šabac Data does not include Kosovo and Metohia For over half a century, Fiat and Loznica Zastava have played” an important Požega CURRENCY SERBIAN DINAR role in developing the Serbian Bor Kragujevac €1=118.3 RSD $1=100.3 RSD automotive industry. Moreover, Čačak Kraljevo our commitment demonstrates Kruševac Niš our confidence and trust in Novi Pazar Pirot Existing highways Serbia, its industry, management Highways under construction Leskovac Planned highways expansion competence and Major railways SERBIA HAS CONTINUED the skill of its workers. Airport ITS PATH TOWARDS EU Mr. Sergio Marchionne, River port Former CEO at FIAT Chrysler Automobiles MEMBERSHIP: NEGOTIATION 10th Pan-European Corridor PROCESS HAS OFFICIALLY 7th Pan-European Corridor STARTED, READY FOR ACCESSION BY 2025. The attractiveness of the location, logistics advantages,” availability of skilled workforce, and a very good support of the Government of the Republic of Serbia and the local community are the main reasons why the Bosch Group decided to invest in the Republic of Serbia. Mrs. Jovanka Jovanovic, General Manager of Robert Bosch Serbia Welcome to Serbia! 3 giant called Zastava (The Flag). In the next 55 and Kruševac, valves from Sremska Mitrovica, Accounting for 10% of the years Zastava would go on to produce more batteries from Sombor. The automotive sector Serbian export, around 14% of than 4.5 million vehicles, 650,000 of them being expanded to a degree where the foundry MORE THAN designated for export. in Kikinda was exporting castings to Opel in 80 YEARS OF TRADITION IN value of foreign investments Over time the model of production in Zastava exchange for disassembled cars, which started and employing more than would shift from simple car assembly to being assembled in new plant called IDA. This AUTOMOTIVE INDUSTY production of almost all the components, plant in Kikinda would go on to assemble some 60,000 workers, automotive design modifications and then finally to the 50,000 Opel models such as Kadett, Corsa, MORE THAN 5,000,000 industry is certainly the most independent design and development of the Vectra and Omega. PASSENGER CARS PRODUCED complete vehicles. Back in Kragujevac, in the late 80s, Zastava important industrial sector in Naturally, this massive industry needed a wide launched a modern segment B hatchback Serbia today. range of cooperation, so suppliers started to called Yugo Florida designated to lead the The development of this sector in Serbia goes boom all over former Yugoslavia. Very soon factory into the new age. The break-up of back to 1939, when assembly of military trucks these companies found that they could expand Yugoslavia in the 90s, combined with economic started in the City of Kragujevac, today the heart beyond what was the market of Zastava and sanctions on Serbia severely reduced the of Serbian automotive industry. started to export parts and systems, mostly to market grinding the sector to complete hold. Ever since then, by acquiring the license Western Europe. Castings came from Kikinda In the next ten years of economic isolation The Automotive from FIAT, the small Kragujevac plant was and Mladenovac, complete engines from the old automotive industry in Serbia would transformed into the Serbian car producing Belgrade, tires and rubber parts from Pirot slowly fade away. Story 5 In recent years the automotive industry started its rebirth, this time based more on foreign being introduced for the building their factories triggering the influx of 300,000 ANNUAL CAR investments and entrepreneurship in sector of production of the brand new FIAT much needed capital and know-how into an industry with long tradition. At the same time, PRODUCTION CAPACITY SME´s. 500L mini MPV. Tradition and know how in the industry attracted Serbian capital oriented itself to more flexible a significant number of foreign investors to the Together with FIAT also came Tier 1 suppliers SME sector while Serbian forgers, toolmakers, sector which in turn stimulated local suppliers to for the new passenger car and companies plastic and rubber producers found they had a improve and grow. like Adient, Magneti Marelli, Gruppo Proma new market on their doorstep. and Sigit, that built their factories in specially Besides vehicles produced by Fiat, Serbian Most significantly the year 2008 designated supplier park in Kragujevac. automotive sector shows a diversified portfolio saw the takeover of lumbering Moreover, other OEMs found different of component producers. Zastava factory by FIAT with advantages of producing automotive systems Whether it is passenger cars, tires, turbochargers, and parts in Serbia using the cost effectiveness, electric drives, wiring harness, electric motors, an unprecedented investment logistic position and government support for bearings, seat covers and heaters, fuel or coolant project worth €940 million. investments in the industry. hoses or various plastic, rubber or metal parts, The factory was completely Very soon it was brands like Bosch, Michelin, the automotive industry in Serbia is growing Industry Continental, Magna, Johnson Electric, Aptiv, relentlessly year by year forwarding Serbia into overhauled with new machinery Lear, Hutchinson, ZF and many more that were the new industrial age. Today 7 Components and Systems INSULATION RUBBER HOSES AND PARTS ELECTRONICS R SUSPENSION PARTS TYRES BODY PARTS SEATS AND SEATS PARTS WIRING HARNESS ENGINE PARTS PLASTIC PARTS produced in Serbia Largest • Norma (Rubber hoses) • Continental (Rubber hoses) • Boysen (Exhaust System) Companies SUBOTICA • Mecafor Products (Machining) • Le Belier (Aluminium castings) KIKINDA • BATAGON ENERGY (Batteries) SOMBOR • Knott Autoflex Yug (Trailers) • Magna (Seat covers) BEČEJ • FKL (Bearings) • Dräxlmaier (Wiring harness) • Mecaplast (Plastic patrs) ODŽACI • Lear Corporation (Wiring harness) • Aptiv (Wiring harness) • Linglong (Tires) TEMERIN ZRENJANIN • Continental (Interior Electronics R&D) • BMTS (Turbochargers) • Agena Technology (Connecting rods) • Hutchinson (Rubber hoses) NOVI SAD • Coficab (Wire) • Cooper Standard (Rubber hoses) • Konkab (Wiring harness) SREMSKA RUMA KOVAČICA • Eurozait (Wiring harness) • Lames (Window lift mechanism) MITROVICA INĐIJA • IGB Automotive (Seat heaters) • Toyo Tires (Tires) PEĆINCI PANČEVO • Ikarbus (Buses) • IPM (Fuel supply) STARA PAZOVA • ZF (Electric drives) • Brose (electic motors) • Robert Bosch (Whiper system) • Srboauto (Transmission parts) BEOGRAD • Streit Group (Turbocharger housings) • Yazaki (Wiring harness) ŠABAC OBRENOVAC SMEDEREVO • Carbotech (Graphite brushes) • PKC Wiring Systems (Wiring harness) • Adient (Seat covers) • Minth (Body parts) LOZNICA • AD Plastic (Insulation) • Mei Ta (Castings) MLADENOVAC • GredaMetal (Pressed parts) VALJEVO RAČA • Yura Corporation (Wiring harness) • KM Manufactur (Interior parts) LJUBOVIJA BATOČINA • Grah Automotive (LED Systems) GORNJI • Inmold (Plastic parts) MILANOVAC KNIĆ JAGODINA • Aunde (Seat covers) • Autoventil (Valves) KRAGUJEVAC UŽICE ČAČAK ARILJE KRALJEVO • Proleter (Forgings) POŽEGA TRSTENIK • Kromberg & Schubert (Wiring harness) • FAP (Trucks) PRIBOJ KRUŠEVAC • Cooper Tires (Tires) • Trayal (Tires and rubber parts) • Sloga (Hidraulics) ALEKSINAC • LEONI (Wiring harness) NOVA VAROŠ • Johnson Electic (Electric motors) • Shinwon (Wire) NIŠ • Ming (Forgings) • Yura Corporation (Wiring harness) • Vorwerk (Suspension parts) PROKUPLJE PIROT • Tigar Tyres (Tires) • FAD (Suspension parts) DOLJEVAC • EMA (Superstructures) • LEONI (Wiring harness) VLASOTINCE • Elrad WS (Electronics) • Gruner (Electronics) • Fiat Chrysler Automobiles (Passenger cars) • SCGM (Plastic patrs) LESKOVAC • Yura Corporation (Wiring harness) • Aptiv (Wiring Harness) • Bacchis Osiride (Insulation) • Gomma Line (Rubber hoses) • Adient (Car seats) • Magneti Marelli (Plastic parts) • Tekina (Pressed parts) • Yanfeng (Interior Trims) • Teklas (Rubber hoses) • TPV Šumadija (Pressed parts) • Zastava Inpro (Trailers) • Sigit (Rubber parts) VLADIČIN • Zastava Tapacirnica (Seat covers) • PMC Automotive (Body parts) HAN • PPT (Hydraulics) • FRAD (Filters) • Grammer (Headrest) • Leoni (Wiring harness) • Leoni (Wiring harness) in Automotive Industry Trucks and Buses The production of motor vehicles in Serbia license. The Mercedes components and started with the assembly of trucks. As the standards of quality are their greatest advantage. passenger cars industry flourished in the Like the passenger cars, Zastava Truck factory also 50´s and the 60´s, so did the production of developed in cooperation with FIAT producing commercial vehicles. trucks in segment up to 8 tons. At the peak of Production of buses started in Belgrade in 1954. its production in the 90´s, factory was turning are still based on the old Mercedes-Benz range. under the license of Sauer. This factory called up more than 10,000 vehicles per year and has FAP’s core activity today is the production of Ikarbus was formerly a light aircraft factory become a joint-venture company with Iveco. heavy-duty vehicles with gross weight capacities called Ikarus which traced its origins to 1923. The state still owns a majority share in the factory ranging from 10 to 32 tones. FAP’s annual The company has cooperated with brands such which is now in the process of privatization. capacity is 5,000 trucks. However, the company as MAN, Mercedes and DAF. Today, Ikarbus Larger trucks up to 32 tons were the responsibility
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  • Mid-Term '21 Plan Beginning with Our Forecast for the Company’S Future Operating Environment

    Mid-Term '21 Plan Beginning with Our Forecast for the Company’S Future Operating Environment

    TOYO TIRE Corporation New Medium-Term Business Plan “Mid-Term ’21 Plan” (Presentation scripts) Table Greetings everyone. My name is Takashi Shimizu, the President of Toyo Tire Corporation. I am pleased to share with you today our Mid-Term ’21 plan. In the past, we would estimate the likely size of our company at the end of the next mid-term period, and base our plan on that scenario. This time, we began by reaffirming our strengths and the ideal state of our business, and confronting possible changes and challenges unique to us. From there, we discussed what transformation was necessary for the company to reach a higher stage of development. In the limited time available, I will provide you with key highlights of our new mid- term business plan. Page 2 : The TOYO TIRE Philosophy One year ago, COVID-19 began its full-scale spread across the world. Since then, each of us has had to live through this uncharted "life with Covid." And we won’t be returning to that life before the pandemic. We must instead face this irreversible paradigm shift and find a way to maintain and grow our business in a sustainable manner. We do this by reaffirming a future vision for our company. That includes our relationship with different stakeholders such as our employees. In the U.S., we did not suspend our operations. Rather, we were designated an “essential business”, which allowed us to continue to do business. It made us realize the critical role of the tire business there. We included our Corporate Philosophy on the first slide of this presentation because we want the world to know why we exist, and our plan to live up to those words.