Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police

Yokohama to close Israeli facility amid Yemeni operations

  • By Al Mayadeen English
  • Source: News websites
  • 21 Nov 2024 15:30
3 Min Read

Alliance Tire in Hadera, which has been owned by the Japanese company Yokohama Rubber since 2016, will reportedly halt operations on December 31, 2024.

Listen
  • x
  • Yokohama to close Israeli facility amid Yemeni operations
    Yokohama tires on display (yokohamatire.ph)

Alliance Tire in Hadera, which has been owned by the Japanese company Yokohama Rubber since 2016, is facing a significant wave of layoffs and may even shut down 75 years after its founding, according to a statement from its website.

The owner is reportedly seeking more cost-effective production options and reduced shipping costs, with most of its production being exported. Additionally, costs have increased since the onset of the Israeli war on Gaza due to the Yemeni Armed Forces attacks in the Gulf.

Dive deeper

Established in 1950 by a group of Israeli and American investors in collaboration with Solel Boneh, the factory faced financial difficulties in 1992. It was acquired by Eliezer Fishman and floated on the Tel Aviv Stock Exchange (TASE) in 1993. After improving the company’s financial situation, Fishman sold Alliance to Warburg Pincus in 2007 for $50 million.

Under Warburg Pincus, the company shifted production of basic tires to India while specializing in agricultural tires that required more advanced technology. In 2013, Warburg Pincus sold Alliance to KKR for $600 million, and three years later, it was sold to Yokohama Rubber for nearly $1.2 billion.

Now known as ATG (Alliance Tire Group), the company grew to manufacture tires for agricultural, industrial, construction, and afforestation machinery. At the time of its acquisition by Yokohama, ATG was selling products to 120 countries, primarily in North America and Europe. Currently, 20% of its activities are based in "Israel", with the remainder in India. Before purchasing ATG, Yokohama did not manufacture tires in ATG’s specialized sectors, and the acquisition helped broaden Yokohama's product portfolio.

The big picture

Israeli Channel 12 reported that the factory has laid off 450 employees as part of its restructuring.

It is worth noting that Yemen continues carrying out critical military operations against the Israeli occupation in support of Palestine, Lebanon, and the Resistance. The country has gradually escalated the intensity of its operations, as it previously vowed, in response to the continued aggression in the region. 

The Yemeni Armed Forces have constantly reaffirmed their commitment to enforcing a naval blockade on the Israeli occupation, vowing to target any vessels associated with or bound for occupied Palestine.

Read next: Yemen announces missile strike on Red Sea ship

  • Alliance Tire
  • Israeli aggression
  • Israel
  • Ansar Allah
  • Gaza genocide
  • Israeli occupation
  • Yemen
  • Hadera
  • Yokohama
War on Gaza

War on Gaza

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS