ID :
14008
Sun, 07/27/2008 - 20:32
Auther :
Shortlink :
https://oananews.org//node/14008
The shortlink copeid
Major Japan company plans to build tire plant in Russia, Brazil
TOKYO, July 27 (Itar-Tass) - One of the leading manufacturers of tyres, Japanese Yokohama Rubber Co., LTD, expects to build in 2010 itsplants in Brazil and Russia. The total amount of investments will make up about ten billion yens (95.2 million dollars), the leading business newspaper Nikkei wrote on Sunday.
In Russia, this will be the first Japanese plant for the production of tires. It was said that information on the construction sites and capacity of the plants will be announced by March 2009.
It is expected that the Brazilian plant of Yokohama Gomu will selltires on the market of South America. In 2007, the company sold 800,000 tires in South America. By 2011, it plans to increase sales to 1.2 million tyres.
With the launch of a plant in Russia, Yokohama Rubber Co., LTD plans to increase its sales in Russia 2.5 times, which means it expects to sell about 2.5 million tyres a year.
According to Nikkei, in 2006, Russians bought 2.41 million vehicles, which is 90 percent more than five years ago. A Toyota plant is already operating outside St. Petersburg. Nissan and Suzuki plan to launch their plants in Russia in 2009. With that in view, the tire producer believes demand for tires in Russia will keep growing.
Earlier, another Japanese corporation, Bridgestone, the world'sleading producer of tires, also announced its plans to build a plant in Russia.
In Russia, this will be the first Japanese plant for the production of tires. It was said that information on the construction sites and capacity of the plants will be announced by March 2009.
It is expected that the Brazilian plant of Yokohama Gomu will selltires on the market of South America. In 2007, the company sold 800,000 tires in South America. By 2011, it plans to increase sales to 1.2 million tyres.
With the launch of a plant in Russia, Yokohama Rubber Co., LTD plans to increase its sales in Russia 2.5 times, which means it expects to sell about 2.5 million tyres a year.
According to Nikkei, in 2006, Russians bought 2.41 million vehicles, which is 90 percent more than five years ago. A Toyota plant is already operating outside St. Petersburg. Nissan and Suzuki plan to launch their plants in Russia in 2009. With that in view, the tire producer believes demand for tires in Russia will keep growing.
Earlier, another Japanese corporation, Bridgestone, the world'sleading producer of tires, also announced its plans to build a plant in Russia.
