Toyo Tire & Rubber Co. Ltd. says it is in the process of selecting a location for a new North American manufacturing plant. Several eastern U.S. sites are under consideration for the $150 million facility, which is slated to begin production of passenger-car and light-truck tires in early 2006. Toyo says its greatest demand is in North America and its Japanese plants have little or no capacity for future expansion. Annual output is pegged at 2 million tires and initial employment is ...

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