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April (2024)
Yokohama Rubber: Breaks Ground on New PCR in Mexico Link...
Yokohama Rubber held a groundbreaking ceremony on April 15 2024 ahead of the start of construction of its new passenger car tire plant located at Alianz Industrial Park, Saltillo, Coahila, Mexico. The new plant will increase Yokohama Rubber’s tire production capacity in North America, enabling the Company to meet an expected increase in future demand in the region with tires produced locally in the region. The Mexico plant will have an annual production capacity of 5 million tires. Construction will begin during the second quarter of 2024, with production scheduled to start in the first quarter of 2027. The Company will also consider expanding the plant’s capacity in the future. The consumer tire strategy in Yokohama Rubber’s new three-year (2024–2026) medium-term management plan, Yokohama Transformation 2026 (YX2026), aims to maximize the sales ratios of high-value-added tires by expanding sales of YOKOHAMA’s global flagship ADVAN brand, the GEOLANDAR brand of tires for SUVs and pickup trucks, winter tires, and 18-inch and larger tires. It also will continue its “Product and Regional Strategies” focused on strengthening the development, supply, and sales of tires that respond to specific trends in each regional market.
March (2024)
Yokohama Rubber: Building New PC Tire Plant in Mexico Link...
Yokohama Rubber has announced that it will build a passenger car tire plant in Mexico to strengthen its capacity to supply tires to the North American market. The new plant will have an annual production capacity of 5 million tires. Construction of the new plant, located in Coahuila state, will start in Q2 2024 with production is scheduled to start in Q1 2027. The new plant will be built on a site which will be able to accommodate future expansion. Yokohama Rubber recognizes that local production for local demand will be indispensable to rapidly meeting the expected increase in demand for tires in the North American market. Its consumer tire strategy for 2024-2026 aims to maximise the sales ratio of high-value-added tires by expanding sales of Advan and Geolandar tires for SUVs and pickup trucks, winter tires and tires with diameters > 18 inches.
January (2024)
Yokohama Rubber: Expanding Production Capacity at its Philippines Plant Link...
The Yokohama Rubber Co., Ltd., is expanding the production capacity of Yokohama Tire Philippines, Inc. boosting the production of PC tires by 1800 tires/day .In addition to expanding capacity of tire sizes currently being produced, the planned expansion will include a new line that will expand YTPI’s size lineup to 21- and 22-inch tires. Expansion work is set to commence in the second quarter of 2024, and the new lines are expected to be fully operational from the second quarter of 2026 when YTPI marks its 30th founding anniversary. Yokohama Rubber’s consumer tire business is endeavoring to increase sales of high-value-added YOKOHAMA tires, including the global flagship ADVAN brand, the GEOLANDAR brand of tires for SUVs and pickup trucks, winter tires, and 18-inch and larger tires. Toward that end, Yokohama Rubber is strengthening its tire development, production, supply, and sales operations in each region to support its effort to expand sales of tires tailored to meet the specific needs of each market.
August (2022)
Yokohama Rubber: New OHT Plant Starts Production in India Link...
Yokohama Rubber has started production at its Visakhapatnam Plant in India. The new plant was built to expand the production capacity of Yokohama Off-Highway Tires (YOHT), a Yokohama Rubber Group company engaged in the manufacturing and sale of off-highway tires (OHT), such as those used on agricultural and other equipment. The new plant was originally scheduled to begin production in the first quarter of 2023. The earlier than planned startup will enable YOHT to respond more quickly to expanding global demand for OHT tires.
Yokohama Rubber: Speeds up Compound Development with AI Technology Link...
Yokohama Rubber has begun applying a proprietary rubber compound design system that utilizes AI-based compound generation technology. The new system was developed with the cooperation of Hamagomu Aicom Inc., a Yokohama Rubber subsidiary specializing in information system development. The new system’s use of AI to propose a compound that achieves targeted rubber physical property values enables the acquisition of new knowledge about compounds that humans could not have conceived independently. Yokohama Rubber expects this new system will enable it further speed up product development and develop higher-performance products.
March (2022)
Yokohama Rubber: Acquiring Trelleborg AB's Wheel Systems Business Link...
Yokohama Rubber Co., Ltd., has entered into a share purchase agreement with the Swedish-based Trelleborg AB to acquire all outstanding shares of Trelleborg Wheel Systems Holding AB, a company engaged in the manufacture and sale of off-highway tires for agricultural and industrial machinery. The acquisition is scheduled to be completed in the latter half of 2022, after completion of necessary procedures required by the competition laws of the European Union and other countries. The acquisition will contribute to the expansion of Yokohama Rubber’s OHT business, which YX2023 (Yokohama's Transformation 2023 medium-term management plan) has positioned as a future growth driver for the Company’s commercial tire business. According to Yokohama, the ratio of consumer tires to commercial tires in today’s global tire market is 1:1, but Yokohama Rubber’s tire business sales are more heavily weighted toward consumer tires, with a 2:1 ratio versus commercial tires. To bring the sales composition of its tire business more in line with the overall market and secure the business’ stability and earnings growth, one of the key challenges facing Yokohama Rubber’s commercial tire business is the growth of an OHT business capable of securing stably high earnings. The TWS acquisition will not only help Yokohama Rubber’s tire business achieve a more optimal sales composition, but it will also strengthen the Company’s commercial tire business in each of the four thematic areas set forth in YX2023—product lineup, cost, service, and digital transformation. Meanwhile, the consumer tire business will continue its effort improve its profitability by expanding sales of its ADVAN, GEOLANDAR, and winter tires.
Yokohama Rubber: Halting Production at Russian Tire Plant Link...
Yokohama Rubber has decided to gradually halt production at its Russian passenger car tire manufacturing subsidiary, LLC Yokohama R.P.Z.
October (2021)
Yokohama Rubber: Testing Sensor-Attached Tires with Zenrin Link...
Yohohama Rubber has begun testing of a tire sensor attached to the tire's inner surface. The testing is in collaboration with Zenrin on a nationwide basis. The tests are being conducted using a tire sensor being developed by Yokohama Rubber and an in-vehicle device developed by Alps Alpine Co., Ltd., that has been attached to the test vehicles with Zenrin’s cooperation. The tests will confirm the durability of the sensors and the ability of a newly developed system to remotely monitor tire pressure using the in-vehicle device. Yokohama Rubber aims to realise a new value-added tire-related business that provides tire pressure information and GPS location data along with Zenrin's abundant map information.
August (2021)
Yokohama Rubber: Doubling Capacity of OTR Plant Currently Under Construction in India Link...
Yokohama Rubber has decided to invest in additional production capacity at the Visakhapatnam Plant currently under construction in India in order to further expand the production capacity of Yokohama Off-Road Tires. An additional investment of US$171 million will increase the new plant’s daily production capacity from the originally planned 55 tons (rubber weight) in the first stage of operations, scheduled to begin in the first quarter of 2023, to 123 tons in the second stage, scheduled to start in the first quarter of 2024.
February (2021)
Yokohama Rubber: Pilot Testing of System for Tire and Road Surface Sensing Link...
The Yokohama Rubber Co., Ltd.; Alps Alpine Co., Ltd.; and Zenrin Co., Ltd., are conducting pilot testing with connecting data obtained from an Internet of Things (IoT) tire fitted with a road surface sensing system to map data and have begun studying new tire business. The pilot testing involves conducting road-surface sensing with a test vehicle equipped with an advanced tire sensor that is being developed jointly by Yokohama Rubber and Alps Alpine. Connecting the road surface sensing data acquired by the tire sensor to the Zenrin's map data to analyse and accumulate diverse road-surface data in order to jointly building a value-added system.
Yokohama Rubber: Develops AI to Predict Physical Properties of Rubber Compound Link...
Yokohama Rubber Company has developed a proprietary system which utilises AI to predict the physical properties of rubber compounds. The system conducts mutliple virtual experiments enabling faster compound development, reduced costs and enhanced performance. The concept is based on the collaboration of humans and AI, the human element providing inovative hypothetical conditions and AI allowing effective analysis and predictions. The system is called HAICoLab - an acornym for Humans and AI ColLaborate for digital innovation.
October (2020)
Yokohama Rubber: Unifying Off-Highway Tire Operations into Global Entity Link...
Yokohama Rubber is consolidating its various off-highway businesses into one single entity. This will include Alliance Tire Group (ATG), which Yokohama bought four years ago and Yokohama’s off-the-road (OTR) tire businesses across the globe. The new entity, named Yokohama Off-Highway Tires, will have a global footprint with a leadership team distributed between Tokyo, Boston, Amsterdam and Mumbai. Yokohama Rubber’s current medium-term management plan, the Grand Design 2020 (GD2020) includes a commercial tire strategy targeting the positioning of commercial tires as a pillar of growth in its second century and off-highway tires as a growth driver. As the first step in the consolidation, Yokohama Rubber’s OTR tire business in USA will be combined with Alliance Tire Americas Inc. (ATA) on January 1, 2021. The combined entity will be named as Yokohama Off-Highway Tires America Inc.. Integration plans for rest of the world are being finalized and will be communicated in the near future.
September (2020)
Yokohama Rubber: Building New Off-Highway Tire Plant in India Link...
Yokohama Rubber is building a new off-highway tire plant in Visakhapatnam, Andhra Pradesh, India as a capacity expansion of Alliance Tire Group (ATG). The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totaling US$165 million. Construction will start in the third quarter of 2020, and the new plant is scheduled to come on line in the first quarter of 2023.
July (2019)
Yokohama Rubber: Develops High Productivity Catalyst System for Butadiene Production from Bioethanol Link...
Yokohama Rubber via joint research with the National Institute of Advanced Industrial Science and Technology and the Advanced Materials Research Institute for High-Speed Materials, have developed a catalyst system with the world's highest productivity to produce butadiene from bioethanol. The butadiene was succesfully converted to butadiene rubber. In line with sustainability goals, the objective is to commercialise the production of synthetic rubber from biomass by 2030.
January (2018)
Yokohama Rubber: Expanding Off-Highway Tire Production Capacity in India Link...
Yokohama Rubber Co., Ltd. is expanding capacity at its ATC Tires plant located at Dahej, Gujarat. Planned investment is $45.5 million to boost production capacity from 57k tons to 91.7k tons by end of 2019. This follows one of Yokohama Rubber's core strategies of expanding its commercial tire business.
January (2017)
Yokohama Rubber Co., Ltd.: Acquires Aichi Tire Industry Co Link...
Tokyo—The Yokohama Rubber Co., Ltd., announced today that it has reached agreement with the shareholders of Aichi Tire Industry Co., Ltd., to purchase all of that company’s shares. Aichi Tire, headquartered in Komaki, Aichi, manufactures tires for industrial machinery, including forklifts, and the acquisition will therefore strengthen Yokohama’s position in that product sector. Yokohama’s plans call for completing the acquisition by March, 2017. Aichi Tire’s products include solid tires and press-on tires. The company supplies those tires to an extensive clientele of industrial machinery manufacturers, mainly in Japan.
March (2016)
Yokohama Rubber Co., Ltd.: To Purchase Alliance Tire Group Link...
Yokohama Rubber is to purchase OTR tire maker Alliance Tire Group with operations in Hadera, Israel, Tirunelveli and Dahej, India.
October (2015)
Yokohama Rubber Co., Ltd.: Starts Production at West Point Facility Link...
Yokohama has started production at its new USA facility, West Point, Mississippi.
January (2015)
Yokohama Rubber Co., Ltd.: Russia Plant Begins Production of Original-Equipment Tires for Passenger Cars Link...
Tokyo - The Yokohama Rubber Co., Ltd., announced today that its Russian passenger car tire production and sales company, LLC Yokohama R.P.Z., began production in November 2014 of original-equipment (OE) tires for passenger cars. In November, the subsidiary began producing “GEOLANDAR G91” tires for Nissan X-Trail SUVs made at Nissan Motor Corporation’s local facility Nissan Manufacturing Russia. In December, it began making “BluEarth E75” tires for Nissan Teana sedans made at the Nissan Manufacturing Russia plant. Production of the two tire types was launched in response to a direct request from Nissan Russia, which is curtailing its use of tires produced in other countries. The request also reflects Nissan’s high evaluation of the quality of tires produced by LLC Yokohama R.P.Z. Previously, LLC Yokohama R.P.Z. had dedicated itself to the production of replacement tires, so the addition of OE tires to the subsidiary’s product line should help raise awareness of the “YOKOHAMA” brand in Russia.
November (2014)
Yokohama Rubber Co., Ltd.: Opens New Tire Plant in India Link...
Tokyo – The Yokohama Rubber Co., Ltd., announced today that it held the official opening ceremony on November 1 for a new passenger car tire plant completed earlier this year in India’s Haryana Bahadurgarh Industrial Estate. The opening ceremony was attended by about 200 guests, including Mr. Salil Narang, General Manager of Investment Promotion Center of Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC), the operator of the industrial park, Japan’s ambassador to India, Mr. Takeshi Yagi, representatives from automakers with production and sales networks in India, and tire dealers from around the country. Yokohama Rubber representatives included President and Representative Director Hikomitsu Noji and Corporate Officer Osamu Mikami, Head of the Tire Overseas Sales & Marketing Division. A second opening ceremony exclusively for some 200 invited tire dealers from throughout India was held on the following day, November 2, .
February (2014)
Yokohama Rubber Co., Ltd.: New Tire Manufacturing Plant Bahadugarh, Haryana Link...
Haryana, India − Yokohama India, a 100 percent subsidiary of Yokohama Rubber, has set up its new tire manufacturing plant in Bahadurgarh (in the northern state of Haryana).
January (2014)
Yokohama Rubber Co., Ltd.: New PC Plant Suzhou Link...
SUZHOU, China—Yokohama Rubber Co. Ltd. is building a passenger tire plant in Suzhou on land adjacent to its existing truck/bus tire plant. Production is scheduled to begin in April after just nine months of construction. Yokohama broke ground on the plant last summer but didn't disclose the project until this week. It's budgeted $253 million for the plant, which has a nameplate capacity of 6 million tires a year, with production focused on its BluEarth eco tire brand and other high-performance, fuel-efficient passenger car tires. The tires will be sold primarily domestically, both in the original equipment and replacement markets. YRC did not disclose the plant's size or expected employment. The tire maker established Suzhou Yokohama Tire Co. Ltd. in 2006 as a manufacturing and sales company specializing in truck/bus tires. It has an annual production capacity of 340,000 tires. This will be Yokohama's second car tire plant in China—complementing one in Hangzhou, Zhejiang Province that opened in 2001.
Yokohama Rubber Co., Ltd.: Begins Production of OE PC Tires in Russia Link...
Tokyo - The Yokohama Rubber Co., Ltd., announced today that its Russian passenger car tire production and sales company, LLC Yokohama R.P.Z., began production in November 2014 of original-equipment (OE) tires for passenger cars. In November, the subsidiary began producing “GEOLANDAR G91” tires for Nissan X-Trail SUVs made at Nissan Motor Corporation’s local facility Nissan Manufacturing Russia. In December, it began making “BluEarth E75” tires for Nissan Teana sedans made at the Nissan Manufacturing Russia plant.
October (2013)
Yokohama Rubber Co., Ltd.: Link...
Tokyo - The Yokohama Rubber Co., Ltd., announced today that Yokohama Tire Manufacturing Mississippi (YTMM, which was established by Yokohama Tire Corporation, a subsidiary of Yokohama Rubber) held a groundbreaking ceremony for its truck and bus tire manufacturing plant at West Point, Mississippi, the United States on September 23, 2013. The new plant is slated to begin operations in October 2015. Yokohama plans to make an initial US$300 million investment in the facility and employ approximately 500 people in the first phase. The investment and employment may be expanding to 4 times each in the future. The company also plans to construct a plant equipped with production, warehousing and operations facilities on more than 500 acres of land and will produce up to one million tires annually.
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