TOKYO (Aug. 11, 2003) — Bridgestone Corp. will invest $76 million over three years to expand production capacity for radial truck and bus tires at three plants in Japan and one in Thailand to support growing global demand for the products.
In Japan, Bridgestone said it will spend $17 million at its Amagi, Tochigi and Tokyo plants through year-end 2004 to expand production capacity by 1,300 tires a day, by the end of 2004.
Bridgestone also will lift the capacity of its plant under construction in Chonburi, Thailand, to 5,000 tires a day, by year-end 2006. The plant is scheduled for start-up in the second half of 2004, with a capacity of 2,500 tires a day.
The second-phase expansion will cost about $59 million, taking total investment in the Thai facility to more than $200 million, Bridgestone said. All told, Bridgestone is committing more than $750 million to capacity expansions worldwide through year-end 2006.