Sumitomo establishes Australian tyre sales company

10th December 2014 | 1 Comment
 

Sumitomo Rubber Industries is saying g’day to Australia through a joint venture with Sumitomo Corporation to establish a tyre sales corporation in the country. Sumitomo Rubber Australia Pty. Ltd. is expected to begin operating in March 2015 and strengthen Sumitomo Rubber Industries’ replacement market consumer tyre sales in Australia. The Sydney-based office is being set up with a capital investment of AU$20 million (£10.6 million), with Sumitomo Rubber Industries and Sumitomo Corporation respectively holding a 75 per cent and 25 per cent share in the operation. Representative Kenichi Furuhama will manage approximately 60 Sumitomo Rubber Australia employees.

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Category: Company News, International News

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