Yokohama to double capacity at Philippines tyre plant

TOKYO (Oct. 26)–Yokohama Rubber Co. Ltd. plans to more than double production capacity at its Yokohama Tire Philippines Inc. subsidiary to meet growing demand from Europe, the Middle East and Southeast Asia for passenger and sport-utility vehicle tyres.

Yokohama will invest $93.7 million until September 2006 in the project, which will increase the facility’s annual capacity to 7 million tyres from 3 million. The factory, in the Philippines’ Clark Economic Zone, makes car and SUV tyres in rim diameters of 13 to 18 inches, exporting about…

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