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Yokohama Rubber to build India plant for heavy-equipment tires

Automotive price war drives company deeper into specialty fields

Tires for construction and heavy equipment, like tractors, have buoyed Yokohama Rubber's earnings in recent years. (Photo courtesy of Yokohama Rubber)

TOKYO -- Yokohama Rubber will build a factory in India for construction and heavy equipment tires, bolstering its specialty lineup in response to the price war in the automotive realm.

The $165 million facility is slated to start production in spring 2023, and have a daily production capacity of 55 tons, according to a Friday statement. This will be the Tokyo-based tire maker's first new facility since a U.S. plant opened in 2015 in the state of Mississippi.

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