Tokyo: The Yokohama Rubber Co has held a groundbreaking ceremony for its new marine products plant at the Kabil Integrated Industrial Estate near the east coast of Indonesia’s Batam Island. The ceremony was sponsored by the company's new local subsidiary, PT Yokohama Industrial Products Manufacturing Indonesia, which was established in April this year.
“Demand for marine products made by Yokohama Rubber, such as marine hoses and fenders used in the handling and transferring of crude oil at sea, is rising steadily along with expanding global demand for petroleum products,” the company said in a release.
Yokohama Rubber currently produces its marine products in Japan. Upon completion, the new plant will provide the marine products group with a two plant production structure that will enable it to expand production by 50%. [30/07/14]