Yokohama Tire Corporation plans to establish tire R&D facility in Cornelius

Published Tuesday, April 10, 2018 10:25 pm
by russell@lakenorman.org (Bill Russell)

EDCThe following economic development announcement was provided to the Lake Norman Chamber of Commerce from our partner the Lake Norman Economic Development Corporation on April 10, 2018. 

Yokohama, a subsidiary of Tokyo-based The Yokohama Rubber Co. Ltd., has announced their plans to locate an R&D facility in Cornelius, North Carolina. Yokohama will bring 56 jobs to the area. 

?Cornelius is a great fit for our company,? said Tetsuya Kuze, vice president of Yokohama Corporation of North Carolina. ?The proximity to the airport and the skilled workforce is going to make this facility very successful.?

?Mecklenburg County is pleased to partner with the Town of Cornelius to bring new commercial investment and jobs to the Lake Norman area. This addition of advanced technical and engineering jobs is a great example of the diverse economic base of the County and the workforce available in all parts of the County,? said Peter Zeiler, Director of Mecklenburg County?s Office of Economic Development.

?Yokohama?s planned expansion in Cornelius is a great win for our community. This is an excellent example of how the Town has worked to add additional tax base and high-quality jobs? said Mayor Woody Washam.

?This facility will be an excellent fit for Cornelius and the Lake Norman area. We have a strong and growing International business presence in our community,? said Ryan McDaniels, Executive Director of Lake Norman Economic Development.

Key partners in this project include the North Carolina Community College System, the Charlotte Chamber, The Knox Group, Legacy Pointe Properties and UNC Charlotte.

The proposed facility is contingent upon approval of a Business Investment Program grant approval by the Mecklenburg County Board of Commissioners, as well as Economic Development Incentive grant approval by the Cornelius Town Board of Commissioners.

Yokohama Tire Corporation

Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based The Yokohama Rubber Co., Ltd., a global manufacturing and sales company of premium tires since 1917. Servicing an extensive sales network throughout the U.S., Yokohama Tire Corporation is a leader in technology and innovation. The company's complete product line includes tires for high-performance, light truck, passenger car, commercial truck and bus, and off-the-road mining and construction applications.

Lake Norman Economic Development

Lake Norman Economic Development is responsible for the development and implementation of the economic development strategy for the towns of Cornelius, Davidson and Huntersville, and the Lake Norman region. These strategies will result in improving the quality of life for the region?s residents through the expansion of the tax base by attracting new capital investment and creating new, highly skilled jobs for the regions residents. For more information visit www.lnedc.com.