Yokohama to build passenger car tyre plant in China
Inching closer to its Phase III (2012-2014) of its ‘GD100’ medium-term management plan, Yokohama Rubber Co Ltd is building a new passenger car tyre plant on land adjacent to its existing truck and bus tyre production facility of its Chinese subsidiary Suzhou Yokohama Tire Co Ltd in Jiangsu Province. Production at the new facility is expected to start from April 2014, just after nine of months of construction, added the company. The produced tyres at the plant will be sold in China.
The annual production capacity will be gradually increased to six million tyres by the end of 2017, while the total investment is likely to stand at 26.5 billion yen. During the Phase III, the company plans to enhance its global tyre production to seven million units per year.
According to the company, the plant will primarily produce YOKOHAMA’s eco tyre brand “BluEarth” and other high-performance, fuel-efficient passenger car tyres, for which the company has been seeing demand increasing in recent years. The company will target OEMs as well as aftermarket for replacement tyres in China for tyres produced at the new facility.