Strictly-Extrusion

Tokai Rubber Industries Ltd., Japan and Inoac Corp. will form a joint venture in May to manufacture in Thailand hose mainly used in automobiles. The joint venture, Inoac Tokai (Thailand) Co., will be capitalized at 45 million baht, or about Y120 million. Inoac plans to take an about 40% stake in the new firm, with Tokai taking 34% and a local entity 26%.

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