Yokohama To Set Up Indian Subsidiary
The Yokohama Rubber Co. Ltd. has announced that it is to establish a wholly-owned subsidiary in New Delhi, India in January 2007.
Named Yokohama India, the new company will initially operate as a tyre sales and marketing company. However, in the future, it is planned to become Yokohama’s local headquarters in India for coordinating any future expansion of business such as manufacturing tyres and marketing automotive hoses and sealants. It will have a start-up capitalisation equivalent to approximately 50 million yen (334,468 euros).