News Release

Yokohama Rubber Establishes Yokohama Mold to Manufacture and Sell Tire Molds

2009.September.25

  • Management relation

Tokyo - The Yokohama Rubber Co., Ltd., today announced that it established Yokohama Mold Co., Ltd., a company manufacturing and selling tire molds, by acquiring the tire mold manufacturing business of Hashiba Tire Mold Inc., in July this year. The establishment of the new company is aimed at further reducing costs by increasing the self-supply ratio within the Yokohama Rubber group.

Capitalized at 100 million yen, the new company has its head office and plant in Omitama City, Ibaraki Prefecture and already started operation in August. On the other hand, Hashiba Tire Mold continues to manufacture and sell precision casting products and various types of molds excluding tire molds.

Outline of Yokohama Mold Co., Ltd. (As of August 2009)

Founded: July 2009
Capital: 100 million yen (wholly funded by Yokohama Rubber)
President : Yasushi Tanaka (A corporate officer of Yokohama Rubber)
Lines of business: Manufacture and sale of molds for passenger-car and truck/bus tires
Location: 2227-1, Kamitamasato, Omitama City, Ibaraki Prefecture
No. of employees: 48