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Yokohama drop technology partnership with Kumho Tire

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Yokohama Rubber announced that it has terminated its technology tie-ups with Kumho Tire effective as of July 6, 2018.

Yokohama Rubber and Kumho Tire 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 tire-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.

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