ATLANTA (March 7, 2001) — Japan´s Toyo Tire & Rubber Co. has joined RubberNetwork.com L.L.C., the global electronic purchasing and procurement marketplace.
Toyo is the eighth major tire maker to become a member of RubberNetwork.com, following fellow Japanese tire maker Yokohama Rubber Co. Ltd. by a week. Having these two companies as members will help RubberNetwork.com prepare for the Asian launch of the marketplace, set for September.
RubberNetwork plans to start live operation in North America in April, followed by a European launch in July The seven members together represent more than $50 billion in annual purchases of raw materials, machinery, goods and services, the company said.
The other members are Continental A.G., Cooper Tire & Rubber Co., Goodyear, Pirelli S.p.A., Group Michelin, Sumitomo Rubber Industries Ltd. and Yokohama.