Government grants for Yokohama Rubber’s Chinese tire base

ERJ staff report (BC)

Tokyo – The Yokohama Rubber Co. has announced today that Hangzhou Yokohama Tire Co., Ltd., its tire production base in China, had received grants-in-aid totalling 13.47 million yuan (about €1.7 million) for the period from December 2012 to March 2013 from Hangzhou City and the Hangzhou Economic and Technological Development Zone.

The grants recognised the company’s economic and environmental achievements.

Hangzhou Yokohama has expanded its production capacity faster than anticipated, and implemented a small-scale production method enabling flexible capital investment tailored to demand.

The…

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