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Yokohama terminates tech tie ups with Kumho

Yokohama terminates tech tie ups with Kumho

Citing the recent change in Kumho Tire’s controlling shareholders,Yokohama Rubber terminated all of its technology tie-ups with Kumho Tire , effective July 6, 2018.

Both companies entered into the Master Technological Alliance Agreement on February 15, 2014, and entered into the Cooperative R&D Agreement as well as the License and Technology Exchange Agreement on May 31, 2014, with the goal of working together to develop the tyre-related future technologies, including environmentally friendly tire technologies and new concept tires.

“This time, these agreements were terminated based on the terms and conditions thereof due to the recent change in Kumho Tire’s controlling shareholders,” said the Japanese company.

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