The Yokohama Rubber Co. has announced its intent to build a new consumer/light truck tire plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico after approval by the YRC board on Monday.
“This is a clear signal that Yokohama is committed to the North American market,” said Jeff Barna, Yokohama Tire Corporation president and CEO. “The increased production capabilities will supplement existing global capacity for tires destined for our region,” Barna said.
The modern plant with an initial capital investment of $380M will be built on a 150-acre site, the company said. Construction is expected to begin in the second quarter of 2024, and the facility is set to begin production in early 2027 with a planned annual output of 5 million tires.
