Yokohama will expand the production capacity of Yokohama Tire Philippines, Inc. (YTPI), by 1,800 tyres per day with an investment of 8.4 billion yen (around £45 million). As a result, the annual production capacity for the plant will reach nearly 12 million – YTPI states the daily capacity will be 32,500. The capacity increases will also be joined by an expanded size lineup at the top end of its size range. 21 and 22-inch tyres, sizes associated with performance cars and SUVs, will be added to the 13-20 inch range already produced at YTPI. Established in April 1996, YTPI manufactures Yokohama tyres primarily for export to the global market.