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TOKYO Yokohama Rubber Co. Ltd. has sold its headquarters building in central Tokyo and is preparing to shift those functions to its factory in Hiratsuka, in Kanagawa Prefecture, about 35 miles southwest of Tokyo.
Moving the headquarters to Hiratsuka will allow Yokohama to facilitate speedier decision-making by bringing together management, planning, production, sales, research and development and logistics staff, enabling the company to respond more flexibly to a dynamically changing operating environment.
YRC also said the move will achieve more efficient use of management resources and secure financial flexibility.
The firm said it plans to use the proceeds of this sale as well as the recent sale of its Hamatite sealing and adhesive materials business to support aggressive investment in strategic domains.
TOKYO — Yokohama Rubber Co. Ltd. (YRC) has sold its headquarters building in central Tokyo and is preparing to shift headquarters functions to its factory in Hiratsuka, in Kanagawa Prefecture, about 35 miles southwest of Tokyo. Moving the headquarters to Hiratsuka will allow Yokohama to …
Yokohama selling sealing materials business to Sika
Yokohama selling sealing materials business to Sika
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TOKYO Yokohama Rubber Co. Ltd. is selling its Hamatite sealing and adhesive materials business to Swiss-based chemicals specialist Sika Group.
The transaction, disclosed April 28, should close Nov. 1. Financial details were not disclosed.
Operated by Yokohama Industrial Products, Hamatite operates five plants, the main site being in Hiratsuka, Japan. Additional manufacturing facilities are located in Japan, China, Thailand and the U.S.
As part of the deal, Yokohama Rubber will carve out the business from its industrial products segment and create a series of subsidiaries which will then be transferred to Sika s subsidiaries in Japan, the U.S. and China.