Yokohama sets up JV to make conveyor belts in Weifang, Shandong

Tokyo — The Yokohama Rubber Co., Ltd., has announced that in January 2006 – through its holding company in China, Yokohama Rubber (China) Co., Ltd. – it will establish Shandong Yokohama Rubber Industrial Products Co., Ltd., in city of Weifang, Shandong Province, China.

Shandong Yokohama Rubber Industrial Products will be capitalised at $9.7 million, 51% of which will be invested by Yokohama Rubber (China), and 49% by the Shandong Yuema Rubber Belt Co., Ltd., a Chinese conveyor-belt manufacturer. The unit is expected to employ 300.

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