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Yokohama Rubber acquires Swedish tire maker

 Last Update: 2022-05-16
 Source: Internet
 Author: User

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Sinochem News recently, Yokohama Rubber announced that the company will acquire Trelleborg Wheel Systems (TWS), a Swedish company engaged in the production of agricultural tires, for 265.

According to the report, the competition in the global market of passenger car tire manufacturing is becoming increasingly fierce.

Yokohama Rubber bought Dutch agricultural tire maker Alliance Tire Group (ATG) in 2016 for 130 billion yen

According to Yokohama Rubber, agricultural tires are less susceptible to economic fluctuations than passenger car tires, which are easily affected by demand trends

Among TWS tire products, 60% are used in agricultural machinery, and 20% are used in industrial vehicles such as forklifts

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