Nearly 95% of what the company produces in India is exported
Alliance Tire Group (ATG), a wholly-owned subsidiary of Yokohama Rubber, plans to double its capacity by 2025 and become a billion-dollar company by 2020. It is seeking to strengthen its position in a segment that is set to expand at a faster pace globally, over the next decade.
The world’s fifth-largest off-highway tyre maker, which was controlled by private equity firm KKR till two years ago and led by an Indian entrepreneur Yogesh Mahansaria, was acquired by Yokohama for $1.2 billion in July 2016. It was part of the latter’s plans to expand its commercial tyre business and diversify into off-the-road (OTR) tyres that are used in agriculture, forestry and construction sectors.