ERJ staff report (LMH)
Tokyo, Japan - Tokai Rubber Industries Ltd has held the opening ceremony of its automotive hose joint venture in Shanghai, China.
Production began in December 2012 at the factory of the Chinese partner Shanghai TIP Automotive Parts Co. Ltd.
At the ceremony, Tokai president Yoshiaki Nishimura said the joint venture helps the company to achieve low-cost production and sales channels in China.
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News release (auto-translated from Japanese) from Tokai Rubber Industries