Yokohama Rubber Co. Ltd. says it plans to increase high performance tire production capacity at its Shinshiro-Minami plant in Aichi Prefecture, Japan.
The company says it will more than triple the plant's production capacity from one million tires to 3.1 million tires. The expansion will be completed during Yokohama's 2009 fiscal year, which runs from April 1, 2008, to March 31, 2009.
Yokohama Rubber plans to invest 10 billion yen in the plant expansion (or $83.4 million, based on the current exchange rate).
Yokohama Rubber constructed the Shinshiro-Minami plant as a branch plant of the Shinshiro plant in April 2002. The plant specializes in manufacturing high performance tires for passenger cars and sports utility vehicles.
