SG: Bridgestone to Increase Production Capacity at New Passenger Car Tyre Plant
Bridgestone Corporation yesterday announced that its subsidiary in Vietnam, Bridgestone Tire Manufacturing Vietnam Limited Liability Company (BTMV) decided to increase production capacity at the company's new passenger car radial tires plant currently under construction in Hai Phong City, Vietnam. The increase in production is to meet the continually growing demand for tyres globally. The total investment in the plant will be approximately ¥41.6 billion. Production capacity at the new facility is estimated to increase byapproximately24,000 tyres per day by the second half of 2017,and once expansion is completed, the plant’s total capacity will be approximately 49,000 tyres per day.
Scheduled to begin operation in March 2014, the plant will serve as a export base for PSR general purpose tyres sold in Europe, North America and Japan, principally. Production capacity is expected to reach approximately 25,000 tyres per day by the first half of 2016. However, the company decided to further expand the production capacity in order to meet the increasing demands of the global market.
Credits: Oneshift News Team
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