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Yokohama suffers $50 million damage tab from warehouse fire


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, 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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