Market Dynamics
Tokai Rubber announces the completion of its anti-vibration rubber factory in India
Time: 2013-11-11 Source from: www.rubberworld.com
Tokai Rubber Industries, Ltd. announces that the new automotive anti-vibration rubber factory that it had been constructing, is now complete, having held its opening ceremony. This becomes the second production base of automotive anti-vibration rubber for TRI in India, and is scheduled to commence mass production in November 2013.
This new factory will act as a point from which to supply automotive anti-vibration rubber to the vehicle production bases concentrated in northern India, and will be operated by TRI's subsidiary company, Tokai Rubber Auto-Parts India Private Ltd.
This new factory combined with the factory it started operation at in the south near Bangalore mean that TRIN has now readied a two-pronged supply structure of automotive anti-vibration rubber in India.
About 100 people celebrated the completion of the new plant at the opening ceremony including officials from the likes of the Japanese Embassy, the independent administrative agency Japan External Trade Organization (JETRO), and the executives of surrounding auto parts manufacturers and vehicle manufacturers. TRI's CEO Mr. Nishimura emphasized the significance of the establishment of the new plant for business expansion in India, which is one of the leading global growth markets.