Japanese tire giant Yokohama Rubber has announced an additional investment of 1.71 The construction of an off-highway tire plant located in the southern part of Visakhapat, Andhra Pradesh for $100 million. The plant’s daily capacity will be double the originally planned 137 tons. Yokohama Off-The-Road Tire’s Chief Operating Officer Anil Gupta said on Wednesday that the Japanese group’s overall investment in its Indian operations was the largest in the world in terms of production capacity and employee capability. USD 508 million.

The initial plan for the Visakhapatnam plant is to invest $165 million per day with a capacity of 137 tons and construction of the steel frame is currently underway.

Gupta is also responsible for the global operations of the Yokohama Off-Road Highway. The additional investment of $171.1 million will add $120 USD tons of capacity, bringing the total planned capacity to 257 tons per day. Assuming this is one tire.

Of the cumulative investment of $508 million, $336 million has flowed into the Vizag plant, which is located in the Achyutapuram industrial area in Andhra Pradesh on an area of over 390,000 square meters, Gupta said.

The rest, he added, is incremental investment in two plants of Tire Gujarat Dahej ($135 million) and Tamil Nadu Tirunelveli ($135 million), which the group started in 2016 from Alliance. 37 million).

Yokohama announced $165 million investment in Vizag plant in early 2020.

Yokohama Off-The-Road Tire is now an integrated off-the-road tire business company consisting of the two off-the-road tire divisions of Yokohama Rubber (Yokohama OTR) Global merger with Alliance Tire Group. January.

The company markets its products worldwide under the Alliance, Galaxy, Primex and Aichi brands.

With two subsidiaries in India, Yokohama Off Highway Tires India and Yokohama India, we manufacture tires for passenger cars and commercial vehicles.

Gupta said that Vizag is expanding to meet the growing demand for off-highway tires in the global market.

Phase I is a $165 million investment with a capacity of 137 tons per day. It is scheduled to come on stream in the first quarter of 2023, with the second phase coming on stream with an additional capacity of 120 tons per day. 2024 First quarter, he added.

“While we have recently doubled the Dahejj 2020 plant capacity, construction of the Visakhapatnam plant commenced in the third quarter of 2000, we have decided to almost double the planned production capacity of the Visakhapatnam plant considering the growing global demand. Gupta said.

He said that as far as the group’s off-highway tire business is concerned, India is its largest manufacturing base. 90% of the global production comes from Gujarat and Tamil Nadu, followed by the soon-to-be-commissioned Vizag plant.

The Dahej and Tirunelvelilivel plants produce the group’s three core off-road tire brands (Alliance, Galaxy Primex for agricultural, construction, industrial and forestry machinery.) Gupta said more than 90% of the products are sold in overseas markets.

The Dahej plant has a production capacity of 1, 260,000 tons per day (360 tons per day) and the Tirunelveli plant has a production capacity of 86, 800 tons per day (248 tons per day), which has 70,000 tons globally, which employs 60,000 people Many employees. I’m doing it. This is the off-highway tire business of the Group.

He said that the Atchutapuram plant in Visakhapatnam is spread over 39 Land construction 10,000 square meters, adding that the land is large enough for further expansion.

Yokohama’s medium-term transformation plan aims to position the group’s off-highway tire business as a future growth engine.

The Group plans to expand its off-highway tire business and tap into new markets by leveraging the strengths of its multi-brand lineup of Yokohama, Yokohama, Yokohama, Yokohama, Alliance, Galaxy, Primes and Aichi.

The group is also expanding its off-highway tire capacity to further enhance its competitiveness in the market.

Yokohama Off-Road Tire specializes in the design, development, manufacturing and marketing of tires for commercial applications such as agriculture, forestry, construction, industry, earthmoving, mining and ports.

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