15 Nov 2006
Ho Chi Minh City, Vietnam - Yokohama Rubber Co. Ltd. has broken ground for a cross-ply motorcycle and light-truck tyre plant that should be on stream by August 2007.
The plant, being built in Singapore Industrial Park in Binh Duong Province near Ho Chi Minh City at a cost of $8.5 million, will be Yokohama's second in Vietnam and will double the firm's production capacity in that country. It will be operated by Yokohama Tyre Vietnam Inc., a wholly owned subsidiary.
The new plant also will have capacity for industrial and mini-spare tyres, demand for which is strong in Japan and other export markets, Yokohama said. The plant initially will span nearly 30 000 m2, but Yokohama has secured sufficient land to allow that to be doubled.
The plant will have annual capacity of 3100 tonnes of mixed rubber, or 1.3 million tyres, at full capacity in 2008.
Yokohama's existing plant in Vietnam is a joint venture in Ho Chi Minh City with Vietnam's Southern Rubber Industry Co. and Mitsubishi Corp. of Japan. That venture, Yokohama Tyre Vietnam Co., has been making and selling cross-ply motorcycle and light truck tyres primarily for the domestic replacement market since 1998.
From Rubber & Plastics News (A Crain publication)
Press release from Yokohama
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