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Yokohama suffers $50 million damage tab from warehouse fire

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Yokohama Tire Philippines Inc. said that a fire that gutted its warehouse at Clark Freeport Zone in the Philippines on May 14 caused an estimated $50 million worth of damage, Inquirer.net reports. Angelina Casasola, vice president for administration at YTPI, said that the amount included 90,000 newly manufactured tires as well as equipment and the warehouse structure.

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