ERJ staff report (DS)
Tokyo -- Indian news reports suggesting that Yokohama Rubber is to build a tyre plant in India are premature, according to a Yokohama spokesman.
On Wednesday, Indian newspapers (see links below) carried a series of reports based on statements from Rajeev Arora , Managing Director of Haryana State Industrial and Infrastructure Development (HSIIDC) board, claiming that Yokohama has agreed to build an automotive car tyre manufacturing unit at Bahadurgarh, with an investment of almost Rs 100 million (Euro 154 million). The reports said the plant would employ 900 people.
A senior spokesman for Yokohama said, "It appears that Haryana State Industrial and Infrastructure Development (HSIIDC) has made the announcement based on their own wishful thinking for invitation." He added, "Yokohama Rubber Co., Ltd. (YRC) is now studying where it should build new tyre factory to meet the expansion of tyre demand all over the world including BRIC (Brazil, Russia, India, China) countries. India is one of our choice for construction site, but it is too early to announce officially."
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Yokohama to set up unit in BahadurgarhÂ Trading Markets (India)
Yokohama to set up tyre unit in HaryanaÂ Business Standard (India)
Tyres major Yokohama to invest Rs.9 bn in Haryana plantÂ ThaiIndian News (India)