According to a report from the foreign ministry, Yokohama Rubber Co., Ltd. announced that it will close the Yokohama Tire Vietnam Company, a joint venture company in Vietnam.

Yokohama Rubber Co., Ltd. will shut down Yokohama Tire Vietnam Co., Ltd. and incorporate its business into Yokohama Tire Vietnam Co., Ltd. Yokohama Rubber Co., Ltd. holds all of the company's shares.

In November 1997, Yokohama Tire, Southern Rubber Industries Co., Ltd., CASUMINA and Mitsubishi Corporation jointly established Yokohama Tire Vietnam Co., Ltd. YTVC. In June 2006, Yokohama Rubber established Yokohama Tire Vietnam Co., Ltd. YTVI due to the growing demand for tires in the Vietnam market.

After this business integration, Yokohama Tire's tire production and marketing operations in Vietnam will be further strengthened. At the same time, the company plans to streamline the operations of Yokohama Tire Vietnam Co., Ltd. and build it into a global mini spare tire supply base.

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