Yokohama Tire Manufacturing Mississippi Holds Groundbreaking Ceremony at New Plant Site

 Yokohama Tire Manufacturing Mississippi Holds Groundbreaking Ceremony at New
                                  Plant Site

PR Newswire

WEST POINT, Miss., Sept. 24, 2013

WEST POINT, Miss., Sept. 24, 2013 /PRNewswire/ --With great fanfare,
newly-formed Yokohama Tire Manufacturing Mississippi (YTMM, a manufacturing
subsidiary of Yokohama Tire Corporation) officially broke ground on its new
commercial truck tire manufacturing plant in West Point, Mississippi (149
miles from Jackson, the state capital), which is slated to begin operations in
October 2015. The festive event, held on September 23, was attended by
President and Representative Director of The Yokohama Rubber Co., Ltd.,
Hikomitsu Noji, Yokohama executives, Mississippi Gov. Phil Bryant, numerous
state officials and more than 350 guests.

(Photo: http://photos.prnewswire.com/prnh/20130924/LA85310)

"This is a great day for Yokohama, Mississippi and the community of West
Point," said YTMM's President Tadaharu Yamamoto. "As we move forward with
construction of our new tire-making facility, I'd like to personally thank
Gov. Bryant, his staff and all the people in Mississippi for their support on
this incredible endeavor. There's no question we made the right choice coming
to Mississippi with this project."

Yokohama is making an initial $300 million investment in the facility with
approximately 500 jobs expected to be created at first phase. The roughly
1-million-square-foot factory, to be constructed on more than 500 acres of
land, will include production, warehousing and operations facilities, and will
produce up to one million tires annually.

"Today is a very exciting day as Yokohama prepares to begin construction of
its very first U.S. manufacturing facility to be built from the ground up,"
said Gov. Bryant. "Just five short months ago, the company announced its plans
to locate these operations in West Point, and I am grateful to the Yokohama
team and those at the state and local levels for working so quickly to get
this project underway. I look forward to visiting again in the near future as
we celebrate the grand opening of Yokohama's tire manufacturing plant and once
again prove to the world that Mississippi is a great place for business."

The groundbreaking ceremony capped an event-filled weekend for Yokohama, where
it...

  oFormally introduced Yamamoto as president of YTMM.
  oDiscussed its recently-opened operational headquarters in the Thad Cochran
    Research, Technology and Economic Development Park in Starkville,
    Mississippi. It houses several business functions, including
    administrative, human resources, information management and planning.

Yokohama Tire Corporation is the North American manufacturing and marketing
arm of Tokyo, Japan-based The Yokohama Rubber Co., Ltd., a global
manufacturing and sales company of premium tires since 1917. Servicing a
network of more than 4,500 points of sale in the U.S., Yokohama Tire
Corporation is a leader in technology and innovation. The company's complete
product line includes tires for high-performance, light truck, passenger car,
commercial truck and bus, and off-the-road mining and construction
applications. For more information on Yokohama's extensive product line, visit
www.yokohamatire.com.

SOURCE Yokohama Tire Manufacturing Mississippi

Website: http://www.yokohamatire.com
Contact: Bill Groak, PCGCampbell, (424) 903-3640, bgroak@pcgcampbell.com
 
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