ranjit | Feb 19, 2018 | 0
The ‘off-highway’ plans of Yokohama in India
Yokohama Rubber will invest US$45.50 million in India to increase Dahej Plant’s annual capacity from 57,000 tonnes to 91,700 tonnes by 2019. The objective of the investment is to avoid insufficient supply capacity in the medium term. This is part of the company’s global expansion plans for boosting production capacity for off-highway tyres. Construction of the new facilities will begin in February 2018 at ATC Tire’s Dahej Plant in Gujarat.
The ATC Tires is the Indian subsidiary of the Alliance Tire Group, which was acquired by Yokohama in July 2016.
The Dahej Plant produces—the ALLIANCE, GALAXY and PRIMEX brands of ATG tire. ATC has another plant in Tirunelveli, Tamil Nadu.
“The investment to expand production capacity in India will further strengthen the Yokohama Group’s commercial tyre business and accelerate its ongoing globalisation,” Yokohama said in a statement.
As part of its strategy to expand the commercial tyre business, Yokohama started producing TBR tyres at a new U.S. plant in Mississippi in 2015. The tyremaker acquired industrial machinery tyre maker Aichi Tire Industry in March 2017.