Yokohama Tire Corp. announced today that it is building a new passenger car tire production facility on land adjacent to an existing truck/bus tire plant of its Chinese subsidiary Suzhou Yokohama Tire Co., in Jiangsu Province.
Construction of the new facility began in summer 2013, and it is expected to begin production in April 2014, with annual capacity to be gradually expanded until it reaches 6 million tires by the end of 2017, the tiremaker said. The total investment is expected to reach about 26.5 billion yen.
The facility will primarily manufacture Yokohama’s eco tire brand “BluEarth.” The products will be sold in China. The plant’s high-performance tires will be targeted at original equipment sales to automobile makers in China as well as the aftermarket for replacement tires, it said.