The Yokohama Rubber Co., Ltd., will expand production capacity for OTR tires by adding new facilities at ATC Tires Pvt. Ltd., the Indian tire manufacturing and sales subsidiary of the Alliance Tire Group (ATG), which Yokohama Rubber acquired in July 2016. Construction of the new facilities will begin in February at ATC Tire’s Dahej Plant in the state of Gujarat.
Total planned investment is $45.5 million. The investment will boost annual production capacity from the current 57,000 tons to 91,700 tons by the end of 2019.
Read the full press release here.
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