Yokohama tyres , Kumho follow MoU up with R&D master agreement
The Board of Directors at Yokohama Rubber and Kumho Tire have resolved to enter into master technological alliance agreement.
Yokohama tyres-Kumho tyres-
This one took me by surprise?
I must admit this one came as a shock to me at first. I have spent much time with the staff at both companies but nothing was said, byEither Yokohama tyres or Kumho tyres. So I guess that this was just one of those high level agreements that were kept hush- hush.
In my own business here in Halifax we have had close ties with both of these tyre companies, and in fact we sell both Yokohama tyres and Kumho tyres side by side, in recent years. I regard both companies as tyre innovators and thinking about it I can see where they are coming from, as the saying goes, “two brains are better than one”. The companies have apparently being discussing the exchange of technologies, with the future possibility of future shared ownership.
This move would take the joint company up the tyre manufacturers ranking table. At the moment the two company’s rank 8th with over $5.5 billion sales is Yokohama tyres and is Kumho with sales of over $3.5 Billion ranking 12th in the league table, so a joint venture would put the new company in the top 6 placing’s and will become a force to reckon
A Yokohama tyres spokesman said… By exchanging technology, the companies “aim to increase their competitiveness and enhance their growth potential … by sharing R&D resources and making more effective use of them through joint research and development on tires and related technologies,”
The deal is said to be in advance stages and both companies are looking to find a method of obtaining each other’s shares, a definite sign that talks are well on their way and the tyre companies are expected to sign legal binding contracts sooner than later.
I do not know how this will filter down to the grass roots fitting centres but in my opinion the other tyre manufacturers will be looking over their shoulders at the potential that these two great companies will no doubt research and develop in new tyre products and move to a mid-range tyre to a leading brand, with more and more OE fitments on the way.
Hi I would like to introduce myself. I have worked in the Garage and tyre and Battery business now for 40 years. I have worked for a couple for national tyre companies in my younger days, before starting my first business. I now own a company here in the UK called Pellon Tyre and Auto-centre, and I am a keen blogger about anything to do with cars and their related products that will help my business. We are members of Point-S and Motor-Codes and are also a Unipart Car Care Centre and of course Tyre-safe.
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