Yokohama Rubber
Yokohama bets on local production for sustainable business in India
Japanese tyre maker Yokohama is betting on local production in India for a "sustainable and competitive" business model in the country, according to a top company official. Yokohama Rubber company, which is present in the country through a wholly-owned subsidiary, is coming up with a new plant in Visakhapatnam in addition to its existing plant in Bahadurgarh, Haryana. In an interaction with PTI, Yokohama India Managing Director and CEO Harinder Singh said the company can manufacture tyres of up to 18 inches in diameter within the country and has plans to extend this capability to accommodate tyre sizes of up to 22 inches, to cater to the demand for bigger-sized tyres. "While we still import certain high-end tyres, like run-flat tyres commonly found on luxury vehicles from our overseas manufacturing bases, our commitment to localising production in India is unwavering," he added. Singh said the company supports the government's decision to ban tyre imports into the country. "Yokoha
 "Yokohama bets on local production for sustainable business in India")
Off-highway tyre-maker ATG to invest Rs 1,240 cr in 3rd plant at Vizag
Off-highway tyre-maker Alliance Tire Group (ATG), owned by the Japanese major Yokohama Group, is setting up its third plant in the country in Visakhapatnam with an investment of USD 165 million (around Rs 1,240 crore). The proposed USD 165-million plant will add over 20,000 tonnes per annum (55 tonne per day rubber weight) capacity to the 2.3-lakh-tonne annual production from two India plants and will be commissioned by the first quarter of 2023. The plant will generate around over 600 new jobs, adding to its 5,500-strong headcount, Nitin Mantri, chairman of Yokohama India and director of ATG, told PTI on Sunday. ATG has one plant at Dahej in Gujarat with an annual capacity of 1.3 lakh tonne (360 tonne per day) and another at Tirunelveli in Tamil Nadu with an annual capacity of 1 lakh tonne. The group has a 45,000-tonne plant in Israel as well where it has its main R&D centre as well. The TN facility also has an R&D centre. These two plants produce all the three key ...
 "Off-highway tyre-maker ATG to invest Rs 1,240 cr in 3rd plant at Vizag")
Yokohama Rubber to acquire tyre-maker ATG in $1,179-mn deal
Company seals deal with KKR and Mahansaria family to buy 100% shares of Netherlands-based ATG
 "Yokohama Rubber to acquire tyre-maker ATG in $1,179-mn deal")
