Toei Precision and Asahi Dai established a joint venture company for the development, manufacturing, and sales of Car Rim Blades.

On the 8th, Toyo Precision <7729.T> announced that it has signed a basic agreement with Asahi Dai <6140.T> to establish a joint venture for the development, manufacturing, and sales of Car Rim Blades, which are one of the products used in dicing machines. The two companies decided to establish this joint venture aiming to quickly provide customized Car Rim Blades to meet customer needs. Details about the joint venture are currently under discussion between the two companies, with a goal to finalize the joint venture agreement by the end of March.

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