The Yokohama Rubber Co. and Continental AG have decided to terminate their joint venture company, Yokohama Continental Tire Co. (YCC), effective end of March 2016.
YCC was created in 2002 to meet the requirement set by Japanese and Korean carmakers for global procurement, according to a press release. Because Yokohama and Continental have both been expanding their global production networks, YCC’s purpose has been achieved and the companies have agreed to expand business on their own.