New Yokohama tyre plant in US The Yokohama Tyre Corporation is building a facility in the US state of Mississippi to manufacture commercial truck tyres. The facility at West Point, a town of about 11,000 people, expected to create hundreds of jobs. A news release from the governor's office says the first phase of the project represents a $US300 million ($A321 million) investment by Yokohama and will create 500 new jobs. In April, state MPs approved a total of $US130 million ($A139 million) in incentives to assist with the project - $US70 million ($A75 million) was allotted for the initial phase. Mississippi officials say part of the funding was used to buy the 500 acre (202 hectares) site and the rest is being used for site preparation, infrastructure and workforce training. Yokohama Tyre Corporation is the North American manufacturing and marketing arm of Tokyo-based Yokohama Rubber Co, a global manufacturing and sales company of premium tyres since 1917.