Tokyo – Yokohama Rubber Co. Ltd (YRC) has reached an agreement to buy Japanese industrial tire-maker, Aichi Tire Industry Co. Ltd.
Headquartered in Komaki, Aichi, Aichi Tire manufactures tires for industrial machinery, including forklifts, and Yokohama expects the acquisition to strengthen its position in that product sector.
The acquisition is expected to be finalised by March.
Aichi Tire’s products include solid tires and press-on tires. The company supplies the tires to mainly Japanese-based industrial machinery manufacturers.
Established in July 1942, Aichi Tire has two production plans in Komaki and Kasugai,…