yokohama rubber

The Yokohama Rubber Co., Ltd., announced that on May 6 its European headquarters, Yokohama Europe GmbH, signed an agreement to acquire a 100 percent equity stake in Poland’s ITR CEE Spółka z.o.o., a wholesale distributor engaged in the import and sale of Yokohama tires in central and eastern Europe. The acquisition was scheduled to be concluded on May 14, after which the Polish company’s name will be changed to Yokohama CEE Spółka z.o.o.

Demand in China for construction machinery, such as hydraulic excavators and construction cranes, declined sharply in 2020 due to the impact of COVID-19, but has been recovering sharply in recent months. Sales of high pressure hydraulic hoses for construction machinery are expanding sharply in both the OEM and replacement markets. To meet this robust demand, Yokohama Rubber has decided to expand production capacity at its Chinese subsidiary.