Yokohama to further expand Chinese plant

ERJ staff report (DS)

Tokyo - The Yokohama Rubber Co., Ltd. is to increase its Phase IV expansion of Hangzhou Yokohama Tire Co., Ltd. The effect will be to increase its production capacity to 5.1 million passenger-car tyres a year from the current 3 million. Planned investment in the Phase IV expansion as a whole is approximately 7 billion yen (euro 52 million), and production is scheduled to begin in January 2011 using the expanded facility.

In July of this year, Yokohama Rubber announced a plan to increase the annual production capacity of Hangzhou Yokohama Tire Co., Ltd. by 1.1 million tyres. During 2009, however, China is expected to become the world's largest automotive manufacturing country, making more than 10 million cars. Yokohama Rubber said the decision to give an additional production capacity to the Chinese affiliate comes in response to this development.

Established in January 2002, Hangzhou Yokohama Tire Co., Ltd. manufactures and sells passenger-car tyres for the Chinese market. The company's plant started operation in May 2003 and its Phase II expansion and Phase III expansion were carried out in January 2005 and March 2008, respectively. At present, it manufactures and sells passenger-car, recreational-vehicle and light-truck tyres for consumers and automakers. On the other hand, Yokohama Rubber manufactures and sells steel radial tyres for trucks and buses in the Chinese market at Suzhou Yokohama Tire Co., Ltd. founded in Suzhou City, China.

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Press release from Yokohama