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Yokohama Tire Philippines Inc. starts the construction of a P3.5-billion expansion project of its tire plant in Clark Freeport Zone that will increase daily production capacity to 34,100 tires from 32,300 and achieve an annual output of 10 million tires by 2026. Attending the groundbreaking ceremony are (from left) CCT Constructors Corp. chairman Hiroki Nakazawa, Mabalacat City Mayor Crisostomo Garbo, Clark Development Corp. (CDC) chairman Edgardo Pamintuan, Trade Secretary Alfredo Pascual, CDC president and CEO Agnes VST Devanadera and Angeles City Mayor Carmelo Lazatin Jr.
