CHARLOTTE, N.C. (Aug. 31, 2016) — Yokohama Rubber Co. Ltd. is opening a tire research and development center in Concord, N.C., that will consolidate separate R&D staffs operating at a number of locations throughout the U.S.
Yokohama plans to initiate operations at the center in September with 56 employees initially, according to North Carolina Gov. Pat McCrory.
The company, which operates tire plants in Salem, Va., and West Point, Miss., said the U.S. center would be its largest overseas R&D center in terms of both functions and number of employees. YRC said consolidating its R&D activities will strengthen its R&D framework and “further accelerate its ability to deliver new tire products that meet market needs in a timely manner.”
Yokohama has budgeted $2.7 million over three years for the center, according to Gov. McCrory and the Economic Development Partnership of North Carolina (EDPNC).