Brazil

Sumitomo Rubber to Boost Brazilian Tire Production With Additional Investment

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it intends to make an additional investment of 153 million Brazilian reals ($37.38 million) in response to growing Brazilian demand for truck and bus tires. The investment will go toward boosting production capacity at the company’s Brazil Factory, which is set to begin production of truck and bus tires next March. Initial...

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Toyoda Gosei to Acquire 100% Stake in Brazilian Automotive Parts Manufacturer

Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...

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