Yokohama Rubber plans to build new facilities at the Dahej, India, plant of ATC Tires, a subsidiary of Alliance Tire Group, which was acquired by Yokohama Rubber in July 2016.
Total investment planned is US$45.5m (about ¥5.1bn at a forex rate of ¥113/$). Annual manufacturing capacity will be boosted from the current 57,000 tons to 91,700 tons by the end of 2019.
In addition to the Dahej factory, ATC Tires also has a plant in Tirunelveli in the state of Tamil Nadu.
January 23, 2018
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