Yokohama to build second truck tyre plant in Thailand
Phase two work on Yokohama Rubber’s truck and bus tyre factory in Thailand is scheduled to begin in July. This second stage of the Yokohama Tire Manufacturing (Thailand) Co., Ltd. project involves the erection of a second plant on a 2.6 section of land adjacent to the existing truck and bus tyre factory in Rayong Province. Yokohama Rubber’s total investment in this second plant amounts to 8 billion yen (£53.6 million). The expansion will double the Thailand subsidiary’s truck and bus tyre capacity to 700,000 pieces per annum; the second plant is scheduled to enter production in April 2015 and full-fledged operation the following December.
Yokohama Tire Manufacturing (Thailand) was established in January 2004 and produced its first truck and bus tyres in April 2005. Most plant output is sold in the North American and European replacement markets. The decision to build a second plant in Rayong Province was made to ensure Yokohama Rubber can speedily follow any sales increase resulting from its plan to increase global truck and bus tyre sales.
The Rayong Province site also houses a passenger car and light truck tyre plant, which started operation in November 2006. Following the completion of phase three expansion work, this facility has an annual production capacity of four million tyres.