Yokohama creates company to oversee Chinese activities

Tokyo — The Yokohama Rubber Co., Ltd., will establish Yokohama Rubber (China) Co., Ltd., in the city of Shanghai, China, to exercise overall control of business operations at each of its companies in China. Yokohama Rubber (China) will be capitalized at $30 million and will be in operation from December 2005.

Yokohama Rubber is involved in China through three production and sales companies: Hangzhou Yokohama Tire Co., Ltd. (established in December 2001), producing and selling tyres for passenger cars; Yokohama HAMATITE (Hangzhou) Co., Ltd. (established in…

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