YOKOHAMA Rubber Co. Ltd. (YRC) committed to invest a substantial P3.5 billion or about 8.4 billion yen in its Clark-based tire plant, Yokohama Tire Philippines Inc. (YTPl).
Announced on January 25 during the meeting between Clark Development Corp. (CDC) and YTPI officials, the expansion would boost daily tire output to 32,500, adding 1,800 tires per day.
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