TIANJIN, China (March 19, 2012)—Tokai Rubber Industries Ltd. has held an opening ceremony for a mold production joint venture in Tianjin.
The company said that it is opening the plant in China to improve the price competitiveness of anti-vibration rubber for cars and to increase orders around the world.
The 35,520-sq.-ft. site is expected to employ 74 people by fiscal 2015.
Tokai said that $3.1 million has been invested in the company. Tokai owns 50 percent of the venture, Metecs and Sakae Tsu both own 25 percent of the company.