DALIAN, LIAONING, China (Feb. 12)—Tokai Rubber Industries Ltd. said it will make a major investment to purchase and expand output of the hose department of a Chinese company that has supplied it with production services since 1993. Tokai didn´t name the company but said the combination of its newly acquired operation, Tokai Dalian Hose Co. Ltd., with its existing hose-making subsidiary in the country, Tokia Rubber (Tianjin) Co. Ltd., is designed to accommodate expanded demand in China. The new location also will serve as an ideal production base for the Tokai Rubber Industries Group and contribute to cost reductions, the company said in a release. Tokai's new Chinese manufacturing operations will produce rubber fuel, exhaust and draining tubing.
Tokai Rubber to invest in Chinese hose market
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