MANILA, Philippines — Japanese company Yokohama Rubber Co. Ltd. (YRC) is set to spend P3.5 billion for the expansion of its tire plant in Clark, according to the Clark Development Corp. (CDC).
In a statement , CDC said the investment would boost daily tire output of YRC subsidiary Yokohama Tire Philippines Inc. (YTPI)’s tire plant to 32,500, adding 1,800 tires per day.
CDC said the expansion plans were announced during a recent meeting with YTPI officials.
Citing information from YRC, CDC shared that the expansion plan includes a new production line for 21 and 22-inch tires.
It added that expansion work is set to commence in the second quarter, with the new lines expected to be fully operational in the second quarter of 2026.
CDC...