Yokohama Rubber to increases tire production capacity in Philippines

Thursday, February 3, 2011

Tokyo - Yokohama Rubber announced that it would increase production capacity of Yokohama Tire Philippines (YTPI), a local passenger car tire manufacturing and sales company, to 10 million tires a year from current 7 million as the first-phase expansion. Yokohama Rubber starts constructing a new tire plant at the adjacent area after signing its tenancy agreement this month.

The company plans to operate the area’s first expanded portion in 2013 and makes the area fully operable in 2014. The amount of investment in the first-phase expansion is 20 billion yen. Also planned is to increase YTPI’s annual production capacity to 17 million tires by 2017 after making an investment to increase the capacity to 13 million by 2014 as the second-phase expansion, making the total amount of investment approximately 50 billion yen.

(Source: http://www.rubberworld.com/news.asp#16115)