Yokohama To Build New Production Facility In Mexico

Yokohama has announced it will build a new factory in Saltillo, Mexico, in a bid to strengthen its supplies to the North American market. This will be the Japanese marque’s fifth tyre production facility in the continent and will be built with a capital investment of $380 million (roughly ₹3,150 crore). 

The Mexican facility will have an annual production facility of five million tyres. Construction is set to begin by June 2024, and production is scheduled to begin by March 2027. Yokohama says the Mexican facility will be built on an area spanning 610,000 square metres and will have scope for future expansion. Furthermore, Yokohama’s new plant will have access to a major railway and expressway network, which it says will help in timely deliveries of tyres to North America. 

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Yokohama says it aims to maximise sales of its Advan, Geolandar and winter tyres as well as tyres for 18-inch or larger wheels, as a part of its new Yokohama Transformation (2024-2026) medium-term plan. 

In India, Yokohama has four production facilities as of now. One facility operates under the Yokohama and is located in Bahardurgarh, Haryana. The other three facilities operate under the ATC Tires and are located in Tirunelveli in Kerala, Dahej in Gujarat and Visakhapatnam in Andhra Pradesh.