TOKYO (Nov. 24, 2010)—Tokai Rubber is setting up a rubber compounding unit in Thailand to serve the automotive industry.
The new company will be a 75-25 joint venture with minority partner, Eastern Rubber (Thailand) Ltd, and will be called Tokai Rubber Compounding (Thailand), Tokai said. The company expects to establish the unit in the Thailand Industrial Park, Eastern Seaboard Industrial Estate in Rayong Province.
The new investment is part of Tokai Rubber's 2012 group vision which sets out a policy of developing its automotive business in overseas markets. To meet the goals of this policy, the company said it needs more mixing capacity.