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Yokohama Rubber.


Yokohama Rubber, Tokyo, Japan, obtained an approval from the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
  • Chinese Soviet Republic
  • Provisional Government of the Republic of China
  • Reformed Government of the Republic of China
 for the establishment of a joint venture company in Hangzhou City, Chekiang Province. The company will manufacture and market 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 passenger cars in China. In the first stage, it will begin manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations.  by April 2003 by constructing a tire plant with a production capacity of 750,000 tires a year. In the second stage, it will increase the capacity to 1.5 million tires a year, depending on the strength of the market demand. The two stages will require a total investment of $60 million or $30 million each. Tentatively called Hangzhou Yokohama Tire, the company will be created jointly by Yokohama Rubber, YHI YHI Holman Island, Northwest Territories, Canada (Airport Code)  Holdings Pte. Ltd. and Hangzhou Rubber (Group) with total paid-in capital Paid-in capital

Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. This account includes capital stock and contributions of stockholders credited to accounts other than capital stock.
 of $12 million. These companies have agreed that Yokohama Rubber will take the leading role in managing the new company. YHI Holdings is a Singapore-based company. As part of its plan to grow its fleet service, Yokohama Tire has entered into an agreement with Petro Stopping Centers for the sale and distribution of Yokohama brand commercial tires.
COPYRIGHT 2001 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Rubber World
Article Type:Brief Article
Geographic Code:9JAPA
Date:Dec 1, 2001
Words:186
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