Yokohama Rubber will increase its passenger car tire production capacity in India to meet the growing demand in the Indian market. The company will invest an additional $82 million to build a new passenger car tire production line on the premises of its Visakhapatnam plant in eastern India. This will increase the company’s passenger car tire production capacity from the...
Industrial hose assembler and seller Do-Yamamoto has established Do-Yamamoto Engineering India in Karnataka, India, in order to respond to the expanding overseas plant market. Until now, Do-Yamamoto has been developing industrial hoses for energy, chemical, and industrial projects in Southeast Asia and the Middle East, but by establishing a local subsidiary in India, the company will strengthen its business base...
Yokohama Rubber has begun production at a newly built plant in Visakhapatnam, Andhra Pradesh, India. The move comes as part of a broader plan to boost the production capacity of Yokohama Off-Highway Tires (YOHT), a subsidiary focused on producing off-highway tires (OHTs) for the likes of agricultural machinery. Initial plans were to open this new plant in the first quarter...
Mitsuboshi Belting Ltd. (TYO:5192) is looking to build a new plant in India for the manufacture of automotive transmission belts and other products. Investment here will come to approximately 3.6 billion yen ($32.64 million), with the new plant slated to begin operations in February 2023. Mitsuboshi Belting’s 2021 medium-term business plan has the conveyor belt and automotive transmission belt manufacturer...
A number of Japanese companies are looking to bring stationed employees back home from India, where the rate of COVID-19 infection has surged of late. Zeon Corp. (TYO:4205) has already finished bringing back employees from local subsidiary Tokyo Zairyo Co. Ltd., while the likes of Yokohama Rubber Co. Ltd. (TYO:5101) and Sumitomo Rubber Industries Ltd. (TYO:5110) too are moving to...
Toyoda Gosei Co. Ltd. (TYO:7282) is looking to have subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) merge with equity-method affiliate Minda TG Rubber Pvt. Ltd. (MTG) by way of a takeover. Through this merger, Toyoda Gosei aims to improve management efficiency in India, which the company is positioning as a priority market in its medium-term business plan for 2025....
