ERJ staff report (LMH)
Tianjin, China — Tokai Rubber Industries has held an opening ceremony for a mould production joint venture in Tianjin, China.
The company said that it is opening the plant in China in order to improve the price competitiveness of anti-vibration rubber for cars, and also to increase orders around the world.
Tokai said in a 16 March news release that some Yen 260 million (â‚¬2.4 million) has been invested in the company. Tokai owns 50 percent of the venture, METECS and…