Yokohama Tire Philippines Expanding Its Production Capacity

• Tyres

Yokohama Tire Philippines expanding its production capacity The company has also inaugurated a new factory (the West Plant) within its Clark complex. With the recent completion of the West Plant, it plans to produce 12.5 million tires a year from 2017.

• ETAuto

• Updated On Dec 10, 2016 at 12:47 PM IST
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TOKYO: Japanese tire manufacturer Yokohama Rubber is expanding production capacity at its Philippines plant, and has inaugurated a new factory (the West Plant) within its Clark complex. With the recent completion of the West Plant, it plans to produce 12.5 million tires a year from 2017. The company even celebrated the 20th anniversary of the establishment of its passenger car tire manufacturing and sales subsidiary Yokohama Tire Philippines (YTPI). In addition, about 100 wheelchairs were presented to local welfare organizations. Tadanobu Nagumo, Chairman and CEO and Representative Director, Yokohama Rubber, said, "YTPI was the first Yokohama Rubber plant to be established outside of Japan. YTPI is a strategic and vital subsidiary of Yokohama Rubber, essential to the global distribution of high-performance and high-quality Yokohama tires." He also noted that "the opening of the new factory gave YTPI the second largest tire-producing capacity in the Yokohama Rubber Group. YTPI will continue to strive to develop products that are safe and reliable and contribute to the development of the Philippine economy." YTPI was established in April 1996 as a production center for tires to be exported around the world. It began production in 1998 with an annual capacity of 1.2 million tires. YTPI has since continued to expand, increasing annual capacity to 7 million tires in 2006, 10 million in 2014, and its current capacity of 11.9 million tires. Its output includes passenger car tires and SUV tires, the majority of which is exported to Europe, North America, and ASEAN countries for sale in the replacement market, with the remainder being shipped for use as original equipment by car makers in North America and Asian countries.

• ETAuto

• Published On Dec 10, 2016 at 12:44 PM IST

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• international,
• Production capacity,
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• Yokohama Rubber,
• Yokohama Tire Philippines,
• Tadanobu Nagumo

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