ERJ staff report (DS)
Tokyo - The Yokohama Rubber Co., Ltd. announced today that it would construct a passenger car-tyre plant in the state of Haryana adjacent to Delhi, India.
The plant's first phase is due on stream in July 2014 with annual production capacity of 700,000 tyres from July 2014. The total investment in construction of the plant is approximately 4.4 billion yen (euro 39.8 million).
In April 2008, Yokohama Rubber signed a contract with Haryana State Industrial and Infrastructure Development Corporation Limited, of India, to acquire a business site of 25 acres in the Corporation's Industrial Estate Bahadurgarh. But construction of the tyre plant has been postponed due to recession caused by the Lehman shock and some other factors.
Yokohama Rubber will construct the new tyre plant as the production base of Yokohama India Pvt. Ltd., established in April 2007, as a wholly-owned subsidiary of Yokohama Rubber. Since July 2007, Yokohama India has been selling passenger-car tyres for the replacement tire market through its own sales network.
The Industrial Estate Bahadurgarh located approximately 40 kilometers west of Delhi, the largest commercial district in India, and some 45 minutes from Delhi International Airport with a highway to be improved within 2012. Many other benefits of the location include nearby Haryana State University of Technology expected to become a supplier of excellent human resources.
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Press release from Yokohama