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Bridgestone to build tire plant in Vietnam 3 ^7 G8 H& [: a. H# v
Tuesday, November 15, 20118 I! \& e9 n* @* w5 b
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Tokyo, Japan - Bridgestone announced plans to build a new plant in Vietnam that will produce radial tires for passenger cars (PSRs). The decision was made as a result of the strong growth in global demand for PSRs, and the total investment in the plant will be approximately 35.5 billion yen. Production at the new plant will begin in the first half of 2014. Plans call for a production capacity of approximately 24,700 tires per day after the production ramp-up is completed in the first half of 2016. The new plant will serve as an export base for replacement tires sold in the European, North American and Japanese markets, primarily supplying PSRs for general use. Currently, Bridgestone has increased its production capacities at the Nong Khae Plant in Thailand and the Karawang Plant in Indonesia to supply PSRs to those markets. However, Bridgestone has determined that a new plant in Vietnam was necessary in order to respond to continuing growth in demand. |
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