Yokohama Tire Corp. has opened an office in the Thad Cochran Research, Technology and Economic Development Park on the campus of Mississippi State.
The tire company is building a manufacturing facility in West Point.
The office in Starkville will serve as the company’s operational headquarters while its West Point facility is under construction. It will house several divisions, including general management, human resources, information management and business and strategic planning.
“We are very pleased to welcome members of the Yokohama Tire team to the Thad Cochran Research Park and Industry Partners Building, and to develop a new pipeline of communication between us,” Marc McGee, director of the MSU Research and Technology Corporation, said in a school press release. The RTC manages the technology park.
The West Point facility is expected to have a total investment of $300 million initially and employ approximately 500 people. Additional phases are expected to create up to 2,000 jobs and represent a total investment of $1.2 billion over the next decade. Production is scheduled to start in fall 2015.
The state provided $70 million to help Yokohama purchase the property and upgrade infrastructure.