To Build New Passenger Car Tire Plant In China With RMB1,960 Million (About 36.7 Billion Yen) Investment

Yokohama Rubber Co

01/07/2024 06:18

July 1 (Reuters) - Yokohama Rubber Co Ltd  5101.T :
    * YOKOHAMA RUBBER - TO BUILD NEW PASSENGER CAR TIRE PLANT IN
CHINA
WITH RMB1,960 MILLION (ABOUT 36.7 BILLION YEN) INVESTMENT
    * YOKOHAMA RUBBER -  PRODUCTION AT NEW HANGZHOU PLANT IS
SCHEDULED
TO START IN 2Q 2026
    * YOKOHAMA RUBBER - NEW PLANT WILL INCREASE OUR CURRENT
ANNUAL
PRODUCTION CAPACITY IN CHINA BY 3 MILLION UNITS TO MEET GROWING
TIRE DEMAND
    * YOKOHAMA RUBBER - SIGNED STRATEGIC ALLIANCE WITH
HANGZHOU'S NEW
ENERGY VEHICLE LEAPMOTOR, AIMS TO EXPAND TIRE SUPPLY FOR NEVS,
STRENGTHEN RELATIONSHIPS WITH NEV AUTOMAKERS

Source text: https://www.y-yokohama.com/release/?id=4328&lang=en
Further company coverage:  5101.T 

 (Reporting by Kantaro Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))