The world’s number two and number seven tyre producers have announced plans to set up a US wholesale and retail joint-venture which is expected to become the second largest in that market. The new company will also include Mexican and possibly Canadian activities. Both plan stakes of 50% apiece.
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Michelin and Sumitomo join forces in the USA
- Published:
04 Jan 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
The world’s number two and number seven tyre producers have announced plans to set up a US wholesale and retail joint-venture which is expected to become the second largest in that market. The new company will also include Mexican and possibly Canadian activities. Both plan stakes of 50% apiece.