Japanese tire manufacturer Yokohama Rubber’s domestic tire mold production subsidiary Yokohama Mold is to expand production capacity at its Thai production facilities (YMTC).
The company states that the capacity expansion is aimed at strengthening the group’s supply chain in the ASEAN region. Construction of the new facilities began in January 2021, with completion planned for the end of this year.
YMTC was established in 2018 in the Thai province of Rayong. It supplies tire molds used in passenger car tires and light truck tires to Yokohama Rubber’s tire manufacturing plants in Japan, Thailand, the Philippines, India and other countries. The expansion at YMTC will supplement molds supplied from YMC in Japan and a business partner in China, enhancing the Yokohama Rubber Group’s ability to provide a stable supply of tire molds to its plants in the ASEAN region.
Yokohama Rubber notes that it has been strengthening its presence in Asia, and its Tire and MB (Multiple Business) operations now have multiple production and sales bases throughout the region, including in China, Taiwan, the Philippines, Thailand, Vietnam, Indonesia and India. By continuing to expand production capacity and strengthen its supply chain in the region, Yokohama Rubber hopes to grow its business and contribute to the development of ASEAN countries.