Yokohama to focus on mini-spares in Vietnam after JV wind-up
At present Yokohama Rubber is in the process of winding up the joint venture it operated in Vietnam for the last 15 years and intends to integrate this into its local subsidiary. The company announced on 4 September that the three joint investors in Yokohama Tire Vietnam Company (YTVC) – Yokohama Rubber, Southern Rubber Industry Company (Casumina), and Mitsubishi Corporation – began preparing to end the joint venture company in August as part of what Yokohama Rubber calls the “enhancement” of its tyre manufacturing and marketing operation in Vietnam.