TRI becomes Sumitomo Riko
The parent group of the German Anvis Group, one of the leading providers of vibration control components and anti-vibration systems, is getting a new name. In a meeting of the Board of Directors held on 19 June 2014, the Japanese company took the decision to change its name from Tokai Rubber Industries (TRI) to Sumitomo Riko as of 1 October of this year. "This step is part of our global strategic corporate development '2015 TRI Group Vision,'" explains Olaf Hahn, CEO of the Anvis Group. The plan is for the group to increase its turnover from over EUR3.3 billion today to in excess of EUR7 billion by 2020. With 13 locations around the world and as a full subsidiary of the company, the Anvis Group is contributing to this growth and aims to double current turnover to over EUR600 million.
Long version: http://www.anvisgroup.com/en/company/news
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Source: Anvis Deutschland GmbH