Yokohama to boost production at China plant
Yokohama Rubber Co. Ltd. plans to boost annual passenger tire production at its Hangzhou (China) Yokohama Tire Co. Ltd. plant from three million units to 5.1 million units.
"Planned investment in the Phase IV expansion as a whole is approximately seven billion yen," say Yokohama officials. Production is scheduled to begin in January 2011.
This past July, the Tokyo, Japan-based company announced plans to increase annual passenger tire production at the seven-year-old factory by 1.1 million units.
However, Yokohama decided to boost capacity at the plant even more due to the continued growth of new car production in China.