Yokohama Rubber has just announced their latest acquisition of the fixed assets including land, building production machinery of a closed production plant in Romania. Through the company’s off-highway tyre (OHT) subsidiary Yokohama TWS Romania S.R.L.
The acquisition follows the recent acquisition of Goodyear Tire & Rubber’s OTR business to achieve ‘Hockey Stick Growth’ as part of Yokohama’s medium-term management plan for the fiscal years from 2024 to 2026. Which will significantly increase the Group’s manufacturing capacity in mining and construction machinery tyres in Europe.
It also represents a key part of Yokohama’s future ambition to expand its current OHT product portfolio and production and supply capabilities in all categories including tyres for mining and construction machinery. In a concerted effort to further strengthen the company’s market status and competitiveness in OHT business and enhance its corporate value.
