Yokohama Rubber Co. Ltd. (YRB.F,5101.T), a manufacturer of tires, Monday announced that its Mexican unit Yokohama Industries Americas de Mexico, S. de R.L. de C.V. or YIA Mexico, will expand its production capacity.
The expansion in Mexico is aimed at strengthening YIA Mexico's business and boost the continued growth of Yokohama Rubber's hose & couplings business.
The expansion will include construction of a new building on approximately 32,000 square meters of recently acquired land adjacent to YIA Mexico's existing plant. The project is scheduled to begin in the fourth quarter of 2025 with operations expected to start in the fourth quarter of 2026.
On the Tokyo Stock Exchange, shares closed on Monday's regular trading 2.57 percent higher at 5718 yen.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.