Japan's Yokohama Rubber will invest $118 million in its Manila plant

According to China Rubber Information Trade News: Yokohama Rubber Co., Ltd. of Japan recently said that from now until 2015, Yokohama will invest $118 million in its factory about 40 miles from Manila, the capital of the Philippines, increasing the plant's production capacity by 25%. It can produce 12.5 million passenger tires and light truck tires per year. The plant is currently operated by Yokohama Tire (Philippines).

Tires and automakers have withdrawn from Europe and turned to emerging countries

According to HC Rubber News: According to Japanese media, cars and tire manufacturers that have reduced production and sales in Europe and exited the European market have emerged. Affected by the continued downturn in the European economy, low factory operating rates and declining sales, companies are turning their attention to emerging countries such as North America and Southeast Asia, where demand is growing, to ensure revenue.