Yokohama breaks ground on new plant in Vietnam
Yokohama Rubber Co. Ltd. has broken ground on its new tire manufacturing plant in Vietnam. The plant is scheduled to open in August 2007.
Total investment in the factory, which will be operated by Yokohama subsidiary, Yokohama Tyre Vietnam Inc., will equal 1 billion yen, according to Yokohama officials.
"It will be an integrated manufacturing plant encompassing material mixing and tire building to curing processes."
The factory is expected to produce 1.3 million tires in 2008.
"Although the area of the new plant is 30,000 square meters, the company has secured a total of 60,000 square meters in (anticipation) of future expansion."