New Plant of Japanese Yokohama Rubber Co Ltd in Russia

The solemn ceremony of laying the stone at the construction site of a plant for the production of tires for passenger cars, the company Yokohama Rubber Company Limited was held on Tuesday in a special economic zone "Lipetsk"  in Russia.  

"In the Lipetsk region a lot of foreign investors have already been working. But we particularly expected appearance of the Japanese business. The latter always brings innovation, high technology and quality, responsible attitude ", - said  the head of the regional administration Oleg Korolev. 

The managing director of the Yokohama Rubber Company Limited Sinti Suzuki said that release of the first production at the new plant is scheduled for next year summer and in 2014 production will reach 1.4 million tires. 

Press Officer of the regional administration said that the project is implemented under the agreement between Japan and Russia on the development of cars production and production of automotive components. The total investments in the construction of the plant will amount to nearly $ 400 million. The latter will create about one and a half thousand jobs. 

Nat Lawyer

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