Yokohama Rubber to build two new OTR tire plants in India and Mexico

Hiratsuka, Japan-The Yokohama Rubber Co., Ltd., announces its plan to build two new mining & construction machinery tire plants, one in India and the other in Mexico. The construction of the new plants is a follow-up to Yokohama Rubber's February 2025 acquisition of the OTR (off-the-road) tire business of The Goodyear Tire & Rubber Company, and OTR tire production acquired from Goodyear will be transferred to the new plants. Yokohama Rubber also plans to install new production equipment at the plants to expand their production capacity for giant (ultra-large) OTR tires.

The new greenfield plant in India will be built in the state of Odisha and will have an annual production capacity of 9,150 tons (rubber weight), with a planned capital investment of US$130 million. Construction is planned to begin in the third quarter of 2026, with production scheduled to start in the third quarter of 2028. The new plant will take over a portion of the acquired OTR tire production that currently is outsourced to Goodyear plants in Europe, the United States, and other regions.

The new brownfield plant in Mexico will be built on the same site as a new passenger car tire plant currently under construction, as part of a Phase 2 expansion of that site. This new OHT plant in Mexico also will take over a portion of the OTR tire production currently outsourced to Goodyear. This plant will have annual production capacity of 10,650 tons (rubber weight), with the related capital expenditure amounting to US$115 million. Construction is planned to begin in the third quarter of 2026, with production scheduled to start in the second quarter of 2028.

In addition to establishing these two new plants, Yokohama Rubber is gradually transferring production of OTR tire from Goodyear plants to an OTR tire plant in Romania that the Company acquired in May 2025 and to existing production sites in Japan, the Czech Republic, and India.

This enhancement of its OTR tire production network is part of Yokohama Rubber's effort to maximize the synergistic effect of its acquisition of Goodyear's OTR tire business, one of the strategic investments aimed at achieving "Hockey Stick Growth" during Yokohama Transformation 2026 (YX2026), the Company's medium-term management plan for fiscal years 2024-2026.

By building a strong product lineup and expanding its production and supply capacity in all OHT categories, including OTR tires, Yokohama Rubber aims to strengthen the market position and competitiveness of its OHT business and increase its overall corporate value.