Tokai establishes subsidiary in Vietnam

ERJ staff report (LMH)

Komaki City, Japan - Tokai Rubber Industries has set up a subsidiary in Japan to produce resin-rubber hoses and components for motorcycles.

The subsidiary will commence production in January 2013 and will serve the Vietnamese market, which TRI said has become one of the largest motorcycle markets in Asia

The site in Don Van Thien industrial park, Vietnam will employ 90 people and is estimated to have about Yen 700 million (Euro 6.8 million) in sales by fiscal 2018, Tokai said.

Initial investment in the 6300 sq.m site and 2400 sq.m building will be some Yen 200 million.

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News release from Tokai Rubber Industries (auto-translated from Japanese)