News Summary
Yokohama TWS North America has announced the closure of its Spartanburg factory by April 19, 2025, resulting in 90 layoffs. The factory, which has been operating for a decade, will significantly impact the local economy. As part of a strategic move to optimize production, the company is committed to helping affected employees transition to new job opportunities amid ongoing growth in the region’s manufacturing sector.
Sad News for Spartanburg: Yokohama TWS North America Factory to Close by April 2025
In a move that has left many residents and employees concerned, the Yokohama TWS North America factory, located in Spartanburg County, has announced plans to close its doors for good by April 19, 2025. The agricultural tire manufacturing facility, which has been part of the community for about 10 years, will result in the layoffs of 90 dedicated workers once the closure takes place.
What’s Happening at the Factory?
The factory, situated at 570 Trelleborg Drive, has been responsible for producing radial agricultural tires that cater to a growing market. It’s important to note that this Spartanburg location is one of only two Yokohama TWS factories in North America, with the other one found in Charles City, Iowa. The decision to close will undoubtedly affect the local economy and the lives of those who have spent years contributing to the factory’s operations.
Why is This Happening?
The shutdown is part of a larger strategy aimed at optimizing production capacities and **reevaluating** manufacturing and logistics throughout the United States. As companies often look for ways to streamline operations, this decision can sometimes lead to tough choices, including downsizing staff and closing facilities.
A Close Look at the Impact
In compliance with the federal Worker Adjustment and Retraining Notification Act, the factory provided a layoff notice, ensuring that employees had at least 60 days’ notice before the impending layoffs kick in. Notably, this announcement comes on the heels of another significant closure that took place in the region when Carolina Cotton Works in Cherokee County shut down back in July 2024.
Spartanburg’s Economic Landscape
The news of the factory’s closure is particularly striking as Spartanburg County has enjoyed substantial economic growth lately. In fact, around $1 billion in pledged investments rolled into the area during 2024 alone. This uptick in investments shows the region’s potential, but the loss of the Yokohama factory raises questions about the sustainability of that growth.
Support for Affected Employees
Marc Margossian, who is the business development director for Yokohama TWS North America, indicated that the company will comply with the necessary laws regarding the layoffs and will do its utmost to support the affected employees during this difficult time. Though the factory will shut down, the commitment to helping employees transition into new job opportunities remains a priority for the company.
Surge in Agricultural Tire Demand
The closure of the Spartanburg factory, though disheartening, occurs alongside a melt of demand for agricultural tires. In addition, there’s ongoing investment in the region’s manufacturing capabilities, indicating that while one door may close, there may be new avenues opening up for skilled workers.
As the clock ticks down to the factory’s closure, the Spartanburg community will undoubtedly come together to support the workers affected. It’s a challenging moment, but the resilience of the workforce and community spirit may pave the way for new opportunities in the future.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Post and Courier: Yokohama TWS North America Factory Closure
- Tire Business: Yokohama TWS Success in Spartanburg
- Modern Tire Dealer: Yokohama TWS Plant Capacity Boost
- Google Search: Yokohama TWS North America Factory Closure
- Encyclopedia Britannica: Yokohama TWS
Author: STAFF HERE SPARTANBURG
The SPARTANBURG STAFF WRITER represents the experienced team at HERESpartanburg.com, your go-to source for actionable local news and information in Spartanburg, Spartanburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Spartanburg International Festival, Spartanburg ArtWalk, and motorsport events at Spartanburg Speedway. Our coverage extends to key organizations like the Spartanburg Area Chamber of Commerce and the Spartanburg Regional Healthcare System Foundation, plus leading businesses in manufacturing and textiles that power the local economy such as BMW Manufacturing and Milliken & Company. As part of the broader HERE network, including HEREAiken.com, HEREBeaufort.com, HEREChapin.com, HERECharleston.com, HEREClinton.com, HEREColumbia.com, HEREGeorgetown.com, HEREGreenwood.com, HEREGreenville.com, HEREHiltonHead.com, HEREIrmo.com, HEREMyrtleBeach.com, HERENewberry.com, HERERockHill.com, and HERESpartanburg.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
