News - 2013

Bridgestone To Acquire New Site for the Relocation of its Shenyang Plant in China

2013/01/11

Tokyo (January 11, 2013)-Bridgestone Corporation announced today that its subsidiary in China, Bridgestone (Shenyang) Tire Co., Ltd. (Shenyang Plant), has acquired a new site to relocate its manufacturing facility. The Shenyang Plant, located in Shenyang City in the Liaoning Province of China, manufactures truck and bus tires.

In accordance with Shenyang City development policies, which were revised following urbanization of the area surrounding the Shenyang Plant, the new plant will be relocated to Shenyang Chemical Industry Park. The new site will encompass approximately 395,000 square meters, and the Shenyang Plant will make a total investment of US$99.9 million (approximately ¥8.2 billion) as the acquisition of the new site, etc.

Globally the Bridgestone Group strives to work together with local governments to contribute to the development of the regions where we operate. At the same time, the Group is developing systems to enhance its "speed to market" in order to quickly meet the product needs of its customers.

1. Company name:	Bridgestone (Shenyang) Tire Co., Ltd.
2. Location:	Shenyang City, Liaoning Province, China
3. Products:	Truck and bus tires
4. Plant Representative:	Kazuya Ikeda
5. Ownership:	Bridgestone Corporation - 100% (including indirect holdings)
6. Plant site:	Approximately 395,000 square meters (after relocation)
7. Production capacity:	Approximately 3,700 tires/day (as of December 31, 2012)
8. Number of employees:	1,199 employees (as of November 30, 2012)

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.