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 company lists the following environmental achievements:

• Implementation of a system to purify exhaust from the mixing/vulcanisation process

• Construction of a sewage treatment facility

• Reducing energy consumption in FY2012 by more than 15% from 2011

• Planting 24 000 trees.

Established in January 2002 and beginning operation in May 2003, Hangzhou Yokohama Tire manufactures and sells both original equipment and replacement tires for passenger cars and SUVs.

With a site area of 12.3 hectares and 1,250 employees the company has an annual production capacity of 5.1 million tires.

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Press release