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…

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