ERJ Staff Report (LMH)
Tokyo, Japan – Tokai Rubber Industries has formed a joint venture with Anvis Group of Germany to manufacturer automotive anti-vibration rubber components in QuerÃ©taro, Mexico.
The Japanese company will invest yen 500 million (Euro 4.4 million) in the production facilities. Tokai will own 51 percent of the new company, called Tokai Rubber de MÃ©xico, and Anvis the other 49 percent.
As part of the collaboration, Tokai has agreed to acquire a 49 percent interest in Anvisgroup…