Yokohama Tire Philippines Celebrates 20th Anniversary
YTPI was established in April 1996 as a production center for tires to be exported around the world. It began production in 1998 with an annual capacity of 1.2 million tires. YTPI has since continued to expand, increasing annual capacity to 7 million tires in 2006, 10 million in 2014, and its current capacity of 11.9 million tires. With the recent completion of the West Plant, YTPI plans to produce 12.5 million tires a year from 2017. Its output includes passenger car tires and SUV tires, the majority of which is exported to Europe, North America, and ASEAN countries for sale in the replacement market, with the remainder being shipped for use as original equipment by car makers in North America and Asian countries.
The anniversary ceremony featured a video presentation of YTPI’s 20-year history and the presentation of awards to several employees for 20 years of service at the YTPI. In addition, about 100 wheelchairs were presented to local welfare organizations. In his commemorative address, Chairman Nagumo noted that YTPI was the first Yokohama Rubber plant to be established outside of Japan. He said that YTPI is a strategic and vital subsidiary of Yokohama Rubber, essential to the global distribution of high-performance and high-quality Yokohama tires. He also noted that the opening on the same day of YTPI’s new factory (the West Plant) gave YTPI the second largest tire-producing capacity in the Yokohama Rubber Group. Chairman Nagumo also told the audience that YTPI will continue to strive to develop products that are safe and reliable and contribute to the development of the Philippine economy. YTPI will also endeavor to protect the local environment and help enhance welfare and services for the surrounding community.