Yokohama Rubber to Stop Russian Production of Passenger Car Tires

Yokohama Rubber Co. Ltd. (TYO:5101) announced on March 18 that it will be gradually drawing production to a halt at LLC Yokohama RPZ, a Russian subsidiary that manufactures passenger car tires. The company cited issues with raw materials procurement as being behind its decision here. Commenting further, Yokohama Rubber said that it hopes for the current situation between Russia and…

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