Yokohama Rubber, Continental eye tieup

Yokohama Rubber, Continental eye tieup

TOKYO : Number two Japanese tire maker Yokohama Rubber Co. Ltd. said Monday it was in talks with German counterpart Continental AG to start a joint venture in Japan.

"We are holding discussions at the moment ... and an announcement will be made imminently," said a Yokohama Rubber spokesman.

The alliance, Yokohama Continental Tire, would open for business in April, the Nihon Keizai Shimbun newspaper said, citing sources close to the matter.

Capitalized at 100 million yen (752,000 dollars) the German- Japan venture would be headquartered in Tokyo, with three other offices around the country, one in the United States and another in Germany.--AFP