TOKYO—Tokai Rubber Industries Ltd. plans to set up a "global improvement promotion office" for its automotive hose business.
The Japanese company said in a news release it intends to promote improvement activities of "the various group bases, and strengthen their profit structures."
The manufacturer gave no other details of its plan.
Earlier this year Tokai purchased Italian automotive hose maker Dynamic Fluid Technologies S.p.A., and began building a hose plant in India.