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April 29, 2013 02:00 AM

YRC plant in Miss. could quadruple over time

Tire Business Staff
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    (Yokohama Tire Corp. photo)
    Mississippi Gov. Phil Bryant (left) and Hikomitsu Noji, Yokohama Tire Corp. president / representative director of Yokohama Rubber Co. Ltd., signed documents April 29 covering the provisions pertaining to YRC's planned truck tire plant in West Point. Miss. Also on hand was Yasushi Tanaka, assistant to the president of YRC's tire business.

    WEST POINT, Miss. (April 29, 2013) – Yokohama Rubber Co. Ltd.'s plan for a truck tire plant in West Point eventually could reach four times the project's original size — and investment — company executives said during a signing ceremony today in West Point.

    The plant will be built over the coming two years with a startup capacity of 1 million units and 500 employees, the company said, at an initial investment of $300 million. The plant's size could grow to 4 million units a year and employment up to 2,000. The eventual investment could top $1 billion long term.

    (Yokohama Tire Corp. photo)

    At the signing ceremony for the new Yokohama tire plant in Mississippi are (left to right): Rep. Greg Snowden; Rep. Joey Hood; Rep. Chris Brown; Blake Wilson, president of the Mississippi Economic Council; Rep. Karl Gibbs; Rep. Tyrone Ellis; Speaker Philip Gunn; Jay Moon, president and CEO of the Mississippi Manufacturers Association; Rep. Jim Beckett; Sen. Angela Turner; Lt. Gov. Tate Reeves (obscured in photo); Rep. Gary Chism; Sen. Josh Harkins; and Brent Christensen, executive director of the Mississippi Development Authority.

    The 931,000-sq.-ft. plant will be built on a 500-acre plot of land within the West Point city limits. Ground breaking is expected to take place in June or July, with construction to start by September, company officials said.

    Hikomitsu Noji, YRC's president and representative director, called this an "historic day" for Yokohama.

    The decision to build this plant "re-affirms our commitment to the North American market and to the continued mutual success of Yokohama and its business partner—our dealers," he said at a press conference held after the signing ceremony.

    "This new plant will have a tremendous impact on the Golden Triangle region and on our state as a whole," Mississippi Gov. Phil Bryant said, "and I welcome this highly respected company to Mississippi and look forward to our partnership in the years to come."

    "Yokohama's decision to locate in West Point is a testament to our eager and hard-working community," said Joe Higgins, CEO for the Golden Triangle Development LINK. "We're thrilled to welcome them to the Golden Triangle and look forward to a long, successful relationship."

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