TOKYO (Nov. 27, 2002) — Bridgestone Corp. will build a new radial truck and bus tire plant in Thailand — its third tire plant in that country — at a cost of $139 million.
The plant, located about 60 miles south of Bangkok in Chonburi, will begin operation in the second half of 2004 with a daily production capacity of 2,500 tires. It will export tires to the Americas, Europe, the Middle East and Africa, as well as to other Southeast Asian nations, Tokyo-based Bridgestone said.
The new plant will operate as Bridgestone Tyre Manufacturing (Thailand) Co., Ltd.
Bridgestone's other tire plants in Thailand, in Rangsit and Nong Khae districts, operate under another subsidiary, Thai Bridgestone Co., Ltd. The new plant will receive extensive technical support from those operations, according to the company.
The project is in addition to $250 million in expansions the company announced in August, including $80 million in Thailand to increase capacity at the Nong Khae facility by 55.5 percent to 28,000 units per day by year-end 2004.