Tokai Rubber Industries Ltd. announced the formation of a joint venture in Mexico that will create the integrated supply chain solutions that will deliver TRI's competitive advantage in the automotive anti-vibration rubber products business, with Anvis Group of Germany. The new Joint Venture, which has been established as Tokai Rubber de Mexico, S.A.P.I. de C.V. (‘TRI Mexico'), is located in Queretaro, Mexico, a state in Mexico which is in close proximity to TRI Mexico's supplier and customer base for the automobile industry. TRI Mexico plans to establish a manufacturing facility that will employ approximately 200 people and will start producing automotive anti-vibration rubber products in October 2013.

The objective of the Joint Venture collaboration is to enable TRI to produce and supply its products more efficiently and to expedite entry into the Mexican marketplace, by utilizing an expanded footprint and combining complementary technologies, market and industry know-how and other assets of both TRI and Anvis Group. As a part of the Joint Venture collaboration, TRI Group has agreed to acquire a 49% interest in Anvisgroup Mexico, also located in Queretaro, Mexico. Anvis Group has agreed to acquire a 49% interest in TRI Mexico.