Yokohama planning major Philippines production boost
According to local news reports, Yokohama intends to more than double production in the Philippines by 2017. The Philippine Daily Inquirer writes that the tyre maker’s local subsidiary, Yokohama Tire Philippines, Inc., plans to increase output from its current daily level of 21,000 units to 50,000 tyres a day within five years. This news is said to have been announced by Philippine trade undersecretary Merly M. Cruz.
At the same time, the Philippines Department of Trade & Industry says Yokohama Tire Philippines aims to increase the amount of locally-sourced raw materials it uses from six per cent to 50 per cent by 2017. “We need to capacitate our industry players in order to build better product quality and reliable supply,” commented Cruz.