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ECONOMY

Sumitomo to team up with Michelin in N. American tire biz

  • January 4, 2018
  • , Jiji Press , 7:25 p.m.
  • English Press

Tokyo, Jan. 4 (Jiji Press)–Japanese trading house Sumitomo Corp. <8053> said Thursday that it will team up with major French tire maker Michelin in tire distribution business in North America.

The two sides will integrate wholesale tire operations at Sumitomo affiliate TBC Corp. and Michelin-linked Tire Center LLC, in order to strengthen their replacement tire business, which is expected to grow.

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