Yokohama establishes dedicated tire sales company in Vietnam through spinoff

The company says the move follows the rapid increase in demand for radial tires for passenger cars and trucks in Vietnam in recent years

Japan’s Yokohama Rubber Co. Ltd. has announced that on November 2023, it spun off the sales unit of its Vietnam tire production and sales subsidiary Yokohama Tyre Vietnam Inc. (YTVI) into a new dedicated sales company, Yokohama Tyre Sales Vietnam Co. Ltd. (YTSV), according to a press release dated Dec. 19, 2023.