Industry

Sumitomo Riko Co. Ltd. (formerly Tokai Rubber Industries), in a joint venture with Daeheung R&T Co. Ltd. of South Korea, will establish a rubber refinement (kneaded rubber/rubber compound) manufacturing and vending company in China. Both companies had been involved in producing kneaded rubber, but with business expansion came the need to augment production capabilities. Sumitomo Riko views this as an...