Yokohama increases its radial OTR tire 'capacity'
Call it a win-win for both Yokohama Rubber Co. Ltd. and Shandong Xingda Tyre Co. Ltd. Under a joint agreement signed on Aug. 2, 2012, Yokohama will provide Shandong Xingda Tyre with technical support regarding radial OTR tires.
In return, Shandong Xingda Tyre will begin supplying Yokohama with a fixed quantity of the OTR radial tires it manufactures, in sizes 25 inches and larger, in the second half of 2013.
Details as to the quantity of the tires to be supplied have yet to be finalized. Yokohama will market the tires globally under the Yokohama brand.
"While off-the-road tires, which are used for dump trucks and wheel loaders, are in high demand amid the globally accelerating resources development, only a limited number of tire makers can manufacture high-quality, reliable OTR tires," says Yokohama.
"Yokohama Rubber, which has a worldwide reputation as an OTR tire maker, is planning to further strengthen its sales strategies with the development of its 49-inch, large-size radial tire, a highly-demanded type of tire, almost completed. Against this backdrop, the partnership with Shandong Xingda Tyre will benefit us by enabling us to increase supply in a short space of time without the need for capital investment."
Shandong Xingda Tyre, a Chinese tire manufacturer founded in 2005, specializes in radial OTR tires. The company possesses a large-scale, modern factory in Dongying, Shandong. It produces and sells its products mainly for export.