TOKYO (Jan. 16, 2009)—Continental A.G. has agreed to supply Yokohama Rubber Co. Ltd. with Yokohama-branded car tires from its plant in Bahia, Brazil, under terms of an off-take agreement the two firms signed recently.
No further details were released, but a spokesman for Yokohama confirmed that the deal has been signed. Local news reports said Conti already has started producing the tires.
Yokohama set up Yokohama Rubber Latin America Comercio Ltda. in April 2008 in Sao Paulo, Brazil, to coordinate its sales efforts throughout Latin America. At the time Yokohama said it expected the subsidiary to stimulate further sales growth and bolster marketing activities focusing on high-performance passenger car tires.