India, March 16 -- The Yokohama Rubber Company has confirmed its tyre plant in Salem, Virginia, will permanently cease operations with effect from 18 March 2026. This decision follows consultations with the labour union, resulting in an earlier closure than anticipated. Initially, production was to be scaled back in March with a potential shutdown in July, but negotiations accelerated the timeline. The company has held discussions with suppliers and customers, assuring that the closure will not cause supply chain interruptions. Yokohama Tire Corporation, the company's US subsidiary, has coordinated these efforts. For the approximately 570 affected employees, Yokohama is providing outplacement support in cooperation with local agencies an...