Tokyo – The Yokohama Rubber Co., Ltd., today announced that on November 14 it established Yokohama Rubber (China) Co., Ltd., in the city of Shanghai, China, to exercise overall control of its tire and multiple-business (MB) operations in China. Established as a holding company to cope in a more timely manner with needs arising from its business expansion in China as well as growth and other changes in the Chinese market, the company will finance two new joint ventures: Shandong Yokohama Rubber Industrial Products Co., Ltd., producing and selling conveyor belts, and Yokohama Tire Sales (Shanghai) Co., Ltd., selling tires, both to be established in early 2006.

Yokohama Rubber has already established three companies in China: Hangzhou Yokohama Tire Co., Ltd., producing and selling tires for passenger cars; Yokohama HAMATITE (Hangzhou) Co., Ltd., producing and selling sealant for passenger cars; and Yokohama Hoses & Coupling (Hangzhou) Co., Ltd., assembling and selling high-pressure hoses. Those three and any companies established in the future will be under the umbrella of the holding company.

Business: Overall control of Yokohama Rubber's subsidiaries in the tire and MB markets in China
Capitalization $30 million
Representatives: Chairman, Tooru Kobayashi (a corporate officer of Yokohama Rubber)
President, Ichiro Kondo (a corporate officer of Yokohama Rubber)
Location: Shanghai City, China
Establishment: November 14, 2005