TOKYO—Yokohama Rubber Co. Ltd. said it will boost capacity for high-pressure hydraulic hose at its subsidiary plant in China.
Its Yokohama Industrial Products-Hangzhou Co. Ltd. business will invest nearly $12 million in the project in China's Zhejiang Province. Production for spiral wire hoses, mainly used in construction machinery, will be expanded in stages, with capacity nearly tripling by September 2022, according to a statement from Tokyo-based Yokohama.