Yokohama sets up auto parts JV with Toyota in south China

Tokyo – The Yokohama Rubber Co., Ltd., has announced a new company, Yamasei Automotive (Foshan) Co., Ltd., to produce automotive parts, including power steering hose, in South China, jointly with Toyoda Machine Works, Ltd., and Yamasei Kogyo Co., Ltd.

The new joint venture company will supply power steering piping to Toyoda-Koki Automotive (Foshan) Co., Ltd., which Toyoda Machine Works established in December 2004 to produce and sell automotive power steering systems. The joint venture will start operation in December 2005. It is expected to employ 19…

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