Japan’s Yokohama Rubber Co. says it is in negotiations to acquire Goodyear Tire & Rubber Co.’s Off-the-Road (OTR) tyre business. According to Bloomberg, the potential deal is valued at around US$1 billion. If the acquisition goes ahead, it will be…
Tag: yokohama
Yokohama to set up new tyre plant in China
Japanese tyre maker Yokohama has announced it will build a new passenger car tyre plant in China, located in the Qiantang New District of Hangzhou City, Zhejiang Province. The new facility will have an initial production capacity of 9 million…
Yokohama adds on high-load capacity tyres; shifts to renewable energy at Mishima tyre plant
Yokohama Rubber Co. says that it has begun production and sales of HLC (high load capacity) tyres to meet the needs of heavy duty passenger cars such as EVs and hybrid cars with high capacity batteries, as well as large…
Yokohama Rubber to expand passenger car tyre capacity in India
Yokohama Rubber Co says that it is expanding passenger car tire production capacity in India to meet the increasing demands from the local market. With an additional investment of US$82 million, the company looks to increase its annual passenger car…
Yokohama Rubber and Indonesian NR supplier sign MOU to improve traceability
Yokohama Rubber has signed a Memorandum of Understanding (MOU) with PT Kirana Megatara Tbk, a major natural rubber supplier in Indonesia, to cooperate in efforts to provide economic support for Indonesian natural rubber farmers and to improve traceability to ensure…
Trelleborg sells Trelleborg Wheel Systems to Yokohama for EUR2 bn
Trelleborg Group has signed an agreement to divest its Trelleborg Wheel Systems business area to Yokohama Rubber Company Ltd. for EUR2 billion on a cash and debt free basis, which represents 13x the business area’s 2021 operational EBITDA, or 17.5x…
Yokohama consolidates OHT businesses under new global entity
Japan-based Yokohama Rubber Co. Ltd. (Yokohama) will consolidate its various off-highway businesses into one single entity under its Grand Design 2020 (GD2020) medium-term management plan. This new entity, named Yokohama Off-Highway Tires (OHT), will merge the Alliance Tire Group (ATG),…
Yokohama expands commercial tyre business with Aichi Tire acquisition
Tokyo, Japan-based tyre manufacturer Yokohama Rubber Company has successfully completed its acquisition of Japanese industrial tyre maker Aichi Tire Industry Co. as part of its strategy to expand in the commercial tyre business. The expansion in the commercial tyre sector,…
Yokohama, Michelin set to increase tyre prices
Yokohama Tire Corp. and Michelin North America are set to raise tyre prices due to the recent hike in the cost of raw materials. Yokohama will increase prices on all of its tyres sold in the US, including all consumer,…
Yokohama, Continental terminate JV
The Yokohama Rubber Co., Ltd. and Continental AG have agreed to terminate their joint venture company, Yokohama Continental Tire Co., Ltd. (YCC), effective end of March 2016. YCC has been formed in 2002, in order to meet Japanese and Korean…