Yokohama Rubber to Produce Steel Radial Tires for Trucks and Buses in China.Tokyo, Japan, Apr 19, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Yokohama Rubber established Suzhou Yokohama Tire as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Yokohama Rubber (China), its wholly owned subsidiary, Suzhou, Jiangsu Province, in April. 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 $27.1 million, Suzhou Yokohama Tire will invest $81.3 million to construct a tire production plant with a maximum annual output capacity of 350,000 units. Operation is slated for October 2007. Although the first-phase facility will be built on a 74,000m2 site, Suzhou Yokohama Tire has usage rights to 300,000m2 of land nearby as it sees that the Chinese market has large growth potential. The new plant will become Yokohama Rubber's fourth truck/bus-use steel 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. tire plant. The company has similar plants in the US, Thailand, and Japan. The company already has a manufacturing base, Hangzhou Yokohama Tire, in China. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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