Yokohama and Kumho has finished cooperation ahead of schedule

Montag, 27 August, 2018 - 14:30
Yokohama has finished the technology relations with Kumho Tire.

Yokohama has finished the technology relations with Kumho Tire. Since February 2014, there has been an agreement on the Master Technological Alliance. The cooperation F&E-Agreement as well as the agreement on an exchange of licences and technology aimed at working together on tyre-related future technologies including eco-friendly tyre technologies and new concept tyres. Due to recent changes of majority shareholders of Kumho Tire, the agreement was cancelled based on these conditions.

Kumho Tire’s headquarters is in Gwangju/South Korea. The company achieved a consolidated net turnover of 2,876.4 billion won in the business year 2017. Yokohama’s consolidated turnover (based on IFRS) amounted to 646.3 billion yen including a share of 459.9 billion yen for tyres in the business year 2017.

Source: 

akl/kle

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