Bridgestone to Establish a Manufacturing and Export Sales Company for Passenger Car Tires in Vietnam
Tokyo (December 15, 2011) Bridgestone Corporation today announced plans to establish a manufacturing and export sales company for radial tires for passenger cars (PSR) in Vietnam, following its announcement on November 11, 2011 to build a new PSR plant in Vietnam. The capital for the company will be US$ 307.8 million (approximately ¥ 23.7 billion), and Bridgestone Corporation will have 100% ownership of the company. The company is planned to be established in February, 2012.
Moving forward, the Bridgestone Group will continue working to bolster its global supply capacity and build a system so that it can rapidly supply high-quality products to meet market demands.
<Overview of the New Company>
| 1. The Name of a New Company | : Bridgestone Tire Manufacturing Vietnam Limited Liability Company |
| 2. Location | : Dinh Vu Industrial Zone, Hai Phong City, Vietnam |
| 3. Products | : Radial tires for passenger cars |
| 4. Plant Site | : Approximately 1.02 million square meters |
| 5. Planned Schedule of Establishment | : February, 2012 |
| 6. The Capital for the New Company | : US$ 307.8 million (approximately ¥ 23.7 billion) |
| 7. Representative | : Susumu Yazaki |
| 8. Ownership | : Bridgestone Corporation 100% |
| 9. Start of Operation | : Planned for 1st half of 2014 |
| 10. Number of Employees | : Approximately 1,900 employees (planned for 1st half of 2016) |
| 11. Production Capacity | : Approximately 24,700 tires per day (planned for 1st half of 2016) |
related link：News(November 11, 2011)
Bridgestone to Build a New Passenger Car Tire Plant in Vietnam
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.
