Yokohama Rubber Expands Hangzhou Plant

Last week, on the second anniversary of Yokohama Rubber's “YOKOHAMA Millennial Forest” program in China, Hangzhou Yokohama Tire Co., Ltd. demonstrated the afforestation results of this “fully zero-emission” plant. Yokohama Rubber related persons said in an interview with the newspaper that the annual capacity of the Hangzhou plant will increase from the current 3 million to 5.1 million in 2012, and plans to establish an R&D department in Hangzhou Yokohama Tire Co., Ltd.
Yokohama Rubber is the world's seventh-largest and Japan's third-largest tire manufacturer. This year, its global sales volume is expected to reach 48 million. Yokohama Rubber (China) Co., Ltd., a wholly-owned subsidiary of Yokohama Rubber in China, currently has Yokohama Tire Sales (Shanghai) Co., Ltd., Hangzhou Yokohama Tire Co., Ltd., Yokohama Tyre Co., Ltd., Yokohama Hose Fittings (Hangzhou) Co., Ltd. , Yokohama Sealing Materials (Hangzhou) Co., Ltd. and Shandong Yokohama Rubber Industrial Products Co., Ltd. and other six subsidiaries, including Hangzhou factory production of radial passenger car tires, Suzhou factory production of passenger car truck radial tires.
It is understood that since 2007, Yokohama Rubber officially launched the "YOKOHAMA Millennium Forest" program in the world. Yokohama Rubber's Chinese company in Hangzhou Yokohama Tire Co., Ltd. has successively conducted two "Millennium Forest" tree-planting operations at 2,600 square meters. More than 15,400 local tree species have been planted within the production area.
In October of last year, Yokohama Rubber announced plans to increase the fourth-phase capital increase and expansion of Hangzhou Yokohama Tire Co., Ltd. After the expansion, the annual capacity of the Hangzhou plant will increase from the current 3 million to 5.1 million.
Yokohama Rubber said that next year, Hangzhou Yokohama Tire Co., Ltd. will plan to establish a research and development department, with equipment investment of up to 30 million yuan.

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