Toyo Ends China JVs, Announces Construction of New Factory

27th August 2009 | 0 Comments
 
Toyo Ends China JVs, Announces Construction of New Factory

When building its all-new factory in China, Toyo Tire & Rubber will be going it alone. During a Board of Directors meeting on August 27, the company decided to end its joint venture agreements for tyre production in China. Toyo has operated Cheng Shin-Toyo Tire & Rubber (China) Co., Ltd. together with Taiwan’s Cheng Shin Rubber Ind. Co., Ltd. since the end of 1995, with a focus upon manufacturing car tyres and tubes for the Chinese market. The company also began a partnership, Cheng Shin-Toyo Tire (Xiamen) Co., Ltd., with Maxxis International Co., Ltd. in 2002, producing commercial vehicle radials. Both joint ventures have been terminated as of August 27.

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