Yokohama Tire Philippines to boost production capacity on high-performance tires

The Yokohama Rubber Co., Ltd. Tokyo has announced that Yokohama Tire Philipipnes, Inc. a passenger car tire manufacturing and marketing subsidiary, will upgrade its facilities to boost production.

By the end of the year, annual capacity will expand from 2 million units to 2.5 million. The upgrade will cost around Y2 billion. Yokohama Tire Philippines will step up production of 16-inch and larger high-performance passenger car tires and of recreational vehicle tires, for which demand is growing internationally. This subsidiary currently makes passenger car tires of 13 to 16 inches. By year-end, 16 inch and larger models and recreational vehicle tires should account for about 30% of production. The upgrade will entail the construction of new facilities on that company's current property. The new facilities will feature highly efficient lines that simply categorize models and sizes. About 90% of its output is exported to Europe, the Middle East and other ASEAN nations. The balance is for the aftermarket and Japanese automakers in the Philippines.

Other Related Story:

Yokohama Tire Philippines to Boost Production Capacity 25%, Centered on High-Performance Tires - Yokohama News Release Apr. 2003

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