Sumitomo Rubber Industries Ltd. has announced that it will install equipment for the production of radial tires for motorcycles at its Thailand factory.
With an investment of about 1.4 billion yen ($15 million), the new facility is scheduled to begin production in January 2015 with an output capacity of 64,000 tires per month by the end of 2018.
Sumitomo Rubber currently produces radial tires for motorcycles at its factory in Toyota, Aichi Prefecture, Japan. In recent years, there has been a growing demand for motorcycle tires in Thailand, a major motorcycle producer, to match the global recovery in demand for full-size motorcycles.