A number of Japanese companies are looking to bring stationed employees back home from India, where the rate of COVID-19 infection has surged of late. Zeon Corp. (TYO:4205) has already finished bringing back employees from local subsidiary Tokyo Zairyo Co. Ltd., while the likes of Yokohama Rubber Co. Ltd. (TYO:5101) and Sumitomo Rubber Industries Ltd. (TYO:5110) too are moving to...
Toyoda Gosei Co. Ltd. (TYO:7282) is looking to have subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) merge with equity-method affiliate Minda TG Rubber Pvt. Ltd. (MTG) by way of a takeover. Through this merger, Toyoda Gosei aims to improve management efficiency in India, which the company is positioning as a priority market in its medium-term business plan for 2025....
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...
Yokohama Rubber Co. Ltd. (TYO:5101) is looking to bolster its production capacity for off-highway tires, such as those used on agricultural machinery, via production subsidiary Alliance Tire Group (ATG). To this end, the company has announced that it will establish a new plant under new subsidiary ATC Tires AP Pvt. Ltd. within India’s Atchutapuram Industrial Park. With a planned capital...
Toyoda Gosei Co. Ltd. (TYO:7282) is planning to restructure its Indian production subsidiaries in an effort to build a more optimal production network in the country. By the end of 2020, the company intends to transfer its entire stake in subsidiary Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN). At present, Toyoda Gosei’s...
Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), a subsidiary based in India, held an opening ceremony on Feb. 4 for its new Gujarat Plant. The Gujarat Plant began operations last October, manufacturing products for automotive safety systems – such as airbags and steering wheels – as well as weatherstrips and more. These...
