Toyo Tire & Rubber, Tokyo, Japan, has agreed to take a 20% stake in a Chinese joint venture for the manufacture of radial tires for trucks and buses. (Acquisitions, Expansions).
Toyo Tire & Rubber, Tokyo, Japan, has agreed to take a 20% stake in a Chinese joint venture for the manufacture of radial radial /ra·di·al/ (ra´de-al)
1. pertaining to the radius of the arm or to the radial (lateral) aspect of the arm as opposed to the ulnar (medial) aspect; pertaining to a radius.
2. tires for trucks and buses. Capitalized Capitalized
Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. at $50 million, Cheng Shin-Petrel Tire (Xiamen) is now owned 90% by Maxxis International and 10% by Xiamen Petrel petrel (pĕ`trəl), common name given various oceanic birds belonging, like the albatross and the shearwater, to the order known commonly as tube-nosed swimmers. Industrial. Toyo Tire & Rubber said it will purchase the stake from Cheng Shin-Petrel Tire for $10 million. The name of the joint venture will be changed to CSTP CSTP Certified Software Test Professional (International Institute for Software Testing)
CSTP Co-Operative Scholarship Testing Program
CSTP Customer Specific Term Plan
CSTP Conceptual Site Treatment Plan Tire (Xiamen) after Toyo Tire & Rubber completes the deal. The joint venture will start construction of a plant to produce radial tires for trucks and buses in late September for completion by the end of July, 2003. CSTP Tire plans to produce 300,000 radial tires initially in 2004 and aims to make 750,000 tires in 2006.
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| | Comment: | Toyo Tire & Rubber, Tokyo, Japan, has agreed to take a 20% stake in a Chinese joint venture for the manufacture of radial tires for trucks and buses. (Acquisitions, Expansions). |
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| Publication: | Rubber World |
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| Article Type: | Brief Article |
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| Geographic Code: | 9JAPA |
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| Date: | Nov 1, 2002 |
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| Words: | 133 |
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