ERJ staff report (DS)
Tokyo -- A Yokohama Rubber Co spokesman has confirmed yesterday's press reports that Yokohama plans to manufacture tyres in Brazil and Russia.
The spokesman said, "it is true that Yokohama has an intention to build automobile tyre plants in Russia and Brazil by the year of 2010 based on the sharp expansion of tyre sales there."
He added, "However, Yokohama has not decided nor disclosed possible site of tyre plants inland of Russia and Brazil yet."
Yesterday Reuters reported that Yokohama aims to sell 2.5 million car tyres into Russia during the fiscal year starting in April 2011, up 150 percent from its sales in 2007/08. The target for South America is 1 to 1.2 million units in the same year, up 25 to 50 percent from 2007/08.
Reuters said YRC will decide on capacity and location by March 2009. Reuters reported a spokesman saying that two plants with an annual capacity of 1 million tyres each would cost about 10 billion yen altogether.
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Yokohama Rubber to produce tyres in Russia, Brazil from Reuters