Michelin Announces the Construction of an Industrial Demonstrator for the 5-HMF Molecule
Michelin announces the construction of an initial industrial…
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May 26, 2025
The Yokohama Rubber Co., Ltd., announced today that on May 22, 2025, it acquired the fixed assets (land, building, and OTR tire production machinery) of a closed plant located in Romania through its off-highway tire (OHT) subsidiary Yokohama TWS Romania S.R.L.
The acquisition is a follow-up to the acquisition of The Goodyear Tire & Rubber Company鈥檚 OTR business, a strategic investment aimed at achieving 鈥淗ockey Stick Growth鈥 during Yokohama Transformation 2026 (YX2026), the Company鈥檚 medium-term management plan for fiscal years 2024鈥2026. The purpose of the acquisition is to increase the Group鈥檚 production capacity of mining & construction machinery tires in Europe.
The acquisition is a key part of Yokohama Rubber鈥檚 effort to expand its OHT product lineup and its production and supply capabilities in all OHT categories, including tires for mining & construction machinery, as it seeks to strengthen its market position and competitiveness in the OHT business and enhance its corporate value.
Location: Drobeta-Turnu Severin, No. 1 Portile de Fier Blvd, Mehedin葲i County, Romania Acquired assets: Land, buildings, and production machinery Land area: Appx. 200,000 square meters Acquisition value: US$ 35 million Purpose: Production of tires for mining & construction machinery
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