Nexen, Toyota Tsusho establish sales JV

Tokyo – Nexen Tire Corp. has established a sales subsidiary in Japan to handle its growing replacement tire business there, and to reinforce its OE supply relationships with Japanese automobile manufacturers.

The company, Nexen Tire Japan Inc., is a 51/49 joint venture with Toyota Tsusho Corp., the trading arm of Japan’s Toyota Group that is involved mainly in exporting cars and automotive parts.

The two companies began discussing a cooperation in June 2015, Nexen said, and those talks progressed into signing of the…

To read more,please login or register below.

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