Yokohama To Boost Philippines Production Capacity
Yokohama Tire Philippines Inc. (YTP), a car tyre manufacturing and marketing subsidiary of Yokohama Rubber, is to upgrade its facilities to boost production by 25 per cent by the end of the year. The upgrade, which will cost around two billion Yen (15.
1 million Euros), will boost annual capacity from two million tyres to 2.5 million. Most of the increase will be in 16 inch and larger sizes and, by the year end, it is anticipated that these sizes will account for 30 per cent of production.
YTP began produc tion in 1998 and has been profitable since year one. 90 per cent of production is exported to Europe, the Middle East and ASEAN countries..