Yokohama to construct car tyre plant in India
Following a hiatus of several years, Yokohama Rubber has reactivated plans to erect a passenger car tyre factory in India. Announcing the go-ahead of construction on 28 March, the Japanese tyre maker said the new plant is scheduled to enter service in July 2014 and will have a first phase annual capacity of 700,000 tyres. Total investment in the factory in Haryana state, some 40 kilometres west of Delhi, will be approximately 4.4 billion yen (£33.2 million). Preparations for the plant began four years ago; in April 2008, Yokohama Rubber signed a contract with the Haryana State Industrial and Infrastructure Development Corporation to acquire a 25 acre site, however plant construction was postponed due to the recession.