Michelin Announces the Construction of an Industrial Demonstrator for the 5-HMF Molecule
Michelin announces the construction of an initial industrial…
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The Yokohama Rubber Co., Ltd., announced today that on May 22, 2025, it acquired the fixed assets (land, building, and OTR tire production machinery) of a closed plant located in Romania through its off-highway tire (OHT) subsidiary Yokohama TWS Romania S.R.L.
The acquisition is a follow-up to the acquisition of The Goodyear Tire & Rubber Company’s OTR business, a strategic investment aimed at achieving “Hockey Stick Growth” during Yokohama Transformation 2026 (YX2026), the Company’s medium-term management plan for fiscal years 2024–2026. The purpose of the acquisition is to increase the Group’s production capacity of mining & construction machinery tires in Europe.
The acquisition is a key part of Yokohama Rubber’s effort to expand its OHT product lineup and its production and supply capabilities in all OHT categories, including tires for mining & construction machinery, as it seeks to strengthen its market position and competitiveness in the OHT business and enhance its corporate value.
Location: Drobeta-Turnu Severin, No. 1 Portile de Fier Blvd, Mehedinți County, Romania Acquired assets: Land, buildings, and production machinery Land area: Appx. 200,000 square meters Acquisition value: US$ 35 million Purpose: Production of tires for mining & construction machinery
Source: Yokohama
Tire and Rubber Association of Canada
5409 Eglinton Ave W, Suite 208
Etobicoke, ON M9C 5K6
Tel: (437) 880-8420
Email: [email protected]