Tokai's new five-year-plan reflects huge change in Japan

ERJ staff report (LMH)

Komaki, Japan - Japanese rubber company Tokai Rubber Industries has announced its new management plan - TRI Group Vision 2015 (2015V) - a re-formulation of strategies and business activities for the years following the 11 March earthquake in the country.

The company's previous management plan - TRI Group Vision 2012 - was developed in 2012 and dealt with issues such as expanding the business overseas and developing new products.

TRI said in a 9 Nov news release that the global recession, followed by the March 2011 earthquake and the appreciation of the yen has led to the revision of the company's targets.

The company highlighted a number of aspirations that it wants to achieve in the years between fiscal 2011 and fiscal 2015, including the sustainable growth of existing business, net fields of business to new markets and establishing a business base for 2010.

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Press release from Tokai Rubber Industries - autotranslated from Japanese