Tokai Rubber sets up JV in Russia

ERJ staff report (LMH)

Komaki, Japan – Tokai Rubber Industries has set up a joint venture in Russia to make components such as high-pressure rubber hoses for construction machinery.

The new company, provisionally called Nikko TRI Eurasia llc, will be TRI’s first venture in Russia. Marubeni-Itochu Steel Inc. of Tokyo will be the majority shareholder with 50 percent of the company. TRI owns 20 percent, while Kihara Mfg Co. Ltd of Joso, Japan will own 5 percent.

TRI said in a…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with