Bridgestone to Increase Production Capacity of Radial Passenger Tires at its Wuxi Plant in China
Tokyo (August 8, 2011) - Bridgestone Corporation announced today that it will increase the production capacity of its Chinese radial passenger tire plant in Wuxi, Jiangsu Province, Bridgestone (Wuxi) Tire Co., Ltd. ("Wuxi Plant" hereafter) to meet the demand for tires in China, which is expected to grow in the medium- to long-term.
Under the current schedule, the Wuxi Plant will begin production at its increased capacity in May 2012. The Wuxi Plant will make a total investment of approximately 563 million yuan (approximately ¥8.3 billion), which will boost the plant's production capacity by 4,100 tires per day, enabling it to produce a total of 16,300 tires per day.
The Bridgestone Group particularly plans to expand the production capacity of eco-friendly tires, such as "ECOPIA" brand tires.
The expansion in production capacity at the Wuxi Plant is part of the Bridgestone Group's strategy to bolster its ability to meet the growing demand for radial passenger tires in China. At the same time, the Group is developing systems to enhance its "speed to market" which will improve its ability to quickly meet the product needs of its customers in the Chinese market.
1. Location:Wuxi, Jiangsu Province, China (approximately 120 km west of Shanghai)
2. Company name:Bridgestone (Wuxi) Tire Co., Ltd.
3. Representative: Michitoshi Sorioka
4. Ownership: Bridgestone Corporation-100% (including indirect investment)
5. Plant Site:Approximately 290,000 square meters
6. Products: Radial tires for passenger vehicles
7. Start of Operation: July 2004
8. Number of Employees:1,078 (as of end of June 2011)
Under the current schedule, the Wuxi Plant will begin production at its increased capacity in May 2012. The Wuxi Plant will make a total investment of approximately 563 million yuan (approximately ¥8.3 billion), which will boost the plant's production capacity by 4,100 tires per day, enabling it to produce a total of 16,300 tires per day.
The Bridgestone Group particularly plans to expand the production capacity of eco-friendly tires, such as "ECOPIA" brand tires.
The expansion in production capacity at the Wuxi Plant is part of the Bridgestone Group's strategy to bolster its ability to meet the growing demand for radial passenger tires in China. At the same time, the Group is developing systems to enhance its "speed to market" which will improve its ability to quickly meet the product needs of its customers in the Chinese market.
1. Location:Wuxi, Jiangsu Province, China (approximately 120 km west of Shanghai)
2. Company name:Bridgestone (Wuxi) Tire Co., Ltd.
3. Representative: Michitoshi Sorioka
4. Ownership: Bridgestone Corporation-100% (including indirect investment)
5. Plant Site:Approximately 290,000 square meters
6. Products: Radial tires for passenger vehicles
7. Start of Operation: July 2004
8. Number of Employees:1,078 (as of end of June 2011)
About Bridgestone Corporation:
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.
