DETROIT (Feb. 28)—Toyo Tire & Rubber Co. Ltd. will end its joint venture in June with the anti-vibration business now owned by Trelleborg Automotive Americas. Toyo said lack of continuity in ownership of the business and subsequent changes in business strategy led to its decision to end the venture and build its own plant in the U.S. Its investment in Kinugawa Rubber Co. Ltd., a Japanese subsidiary of Nissan Motor Corp., and its recent exchange of assets with Toyoda Gosei Co. Ltd. also played a part in its decision, said Yasuo Ito, president of Toyo Automotive Parts (USA) Inc. Until contracts run out, Trelleborg will continue to produce some parts for Toyo from its Logansport plant for Toyota Motor Corp., he said. Last year, the joint venture generated sales of $16 million to $17 million, according to Mark Brooks, president of Trelleborg Automotive Americas. About $6 million of that with New United Motor Manufacturing Inc. ended, leaving roughly $10 million worth of Toyota business.
Toyo, Trelleborg, ending AVS joint venture
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