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Yokohama Tire Corporation Targets Concord for Technical Development Center

Center will create 56 jobs and nearly $2.7 million investment over three years


Published Tuesday, September 6, 2016
by Cabarrus Economic Development

 

FOR IMMEDIATE RELEASE

Media Contact

Cabarrus Economic Development

Robert Carney, executive director

rcarney@cabarrus.biz, 704-782-4000, ext. 8106

 

Aug. 31, 2016 – CONCORD, NC – Yokohama Tire Corporation’s plans to establish a Technical Development Center in Concord will create up to 56 jobs and invest nearly $2.7 million into the local economy.

According to a release issued by Gov. Pat McCrory’s office, the Japan-based global manufacturing and sales company of premium tires will employ engineers, technicians, management staff and others at the Technical Development Center.

“After extensive research for the ideal location to consolidate our R&D activities, we found North Carolina to have the perfect combination of a high-quality workforce and close proximity to a major international airport,” said Tetsuya Kuze, vice president of Yokohama Corporation of North America (YCNA). YCNA oversees all Yokohama-related operations in North America including sales and marketing, manufacturing, technical development, long-term corporate planning and investment. 

Kuze added that Yokohama has yet to finalize the Technical Center’s exact permanent location.

“On behalf of the Cabarrus Economic Development Corporation, we are excited to bring Yokohama into the Concord and Cabarrus community,” said Robert Carney, executive director. “They are a globally-recognized brand and we believe this is just the beginning of a long and mutually successful relationship.”

During public hearings held in June, both the Cabarrus County Board of Commissioners and Concord City Council supported the project and approved a multi-year, performance-based tax incentive.

“This grant is yet another smart decision by the Concord City Council. I am personally excited about this investment in excellent jobs for our community that will pay strong wages,” said Mayor Scott Padgett. “Yokohama represents the newest result of Concord’s business-friendly climate, which will foster growth in manufacturing, research and technology jobs for years to come.”

Cabarrus County Board of Commissioners Chair Steve Morris added, “The potential for this investment is tremendous. Yokohama is delivering an exciting project that will serve us well.”

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