Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that Tokai Imperial Rubber India Pvt. Ltd. (TIR), a consolidated subsidiary for the production and sale of automotive hoses, has built and launched a new Indian plant. TIR was first established in India, the world’s second largest country by population, back in 2005. Since then, the Sumitomo Riko Group has grown its Indian…