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Yokohama Tire Corporation Announces Establishment of New Subsidiary

April 02, 2013

FULLERTON, CA (April 2, 2013) – Yokohama Tire Corporation (YTC) today announced the establishment of a new subsidiary, Yokohama Tire Mexico S. de R.L. de C.V. (Sociedad De Responsabilidad Limitada De Capital Variable), incorporated in Silao, Guanajuato, Mexico. The subsidiary was created to meet the growing demand for consumer, commercial and OTR tires in Mexico and is expected to provide YTC with critical sales, distribution and business logistical advantages.

Yokohama Tire Mexico or YTMX will be headed by 45-year tire veteran Gary Nash, who has been appointed president of the new company, effective April 1. Nash was previously vice president of YTC’s OTR sales, where he will now take on the
new title of executive advisor to OTR sales and marketing.

“We have ambitious growth goals,” said Takayuki Hamaya, YTC chief operating officer, “and who better to lead us in the high-growth market of Mexico than someone who is already intimately familiar with doing business there, a seasoned tire veteran and a widely respected individual in the industry. Gary will provide the strategic leadership we need to develop and successfully implement our market plans in Mexico.”

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 the all-new AVID® Ascend™ – the first mass-market tire using Yokohama’s breakthrough orange oil technology – as well as 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.

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Yokohama is a strong supporter of the tire care and safety guidelines established by the Rubber Manufacturers Association and the National Highway Transportation and Safety Administration. Details can be found at the “Tire Safety” section at www.yokohamatire.com.