News Snippets

ATG to Set Up INR 1240 Cr Tire Plant in India

Multi-purpose tire manufacturing company, Alliance Tire Group (ATG) owned by Japanese Yokohama Rubber Company has announced its intention to set up its third manufacturing unit in India in Vishakhapatnam.

Total proposed investment is of around INR 1,240 Cr which will add 20,000 Tonnes per year tire manufacturing capacity to the present 2.3 lakh TPA.

The new plant at Vishakhapatnam is targeted to be commissioned by 2023 and will create around 600 new jobs.