Bridgestone starts up Thai factory
TOKYO-Bridgestone Corp. has begun production at its third tire factory in Thailand, a truck and bus radial plant rated initially at 2,500 tires a day.
The plant, in Chonburi, represents an investment of more than $200 million, Bridgestone said. Capacity will be doubled to 5,000 tires a day by year-end 2006, and employment is 500 at start-up.
Output will be exported to the Americas, Europe, the Middle East, Africa and other Southeast Asian nations, the company said.
Bridgestone's other tire plants in Thailand are in Rangsit/Pathum Thani, and Nong Khae/Saraburi.
Peugeot rally team to ride on Pirellis
MILAN, Italy-The Peugeot World Rally Championship team-world champions nine times racing on Michelin tires-will switch to Pirelli tires for the 2005-07 seasons, according to the two companies.
Currently only the Japanese Subaru team runs on Pirelli tires. Subaru drive Petter Solberg won the 2003 world championship on Pirellis.
VMI buys A-Z Formen's extrusion unit
EPE, The Netherlands-Dutch machinery maker VMI Epe Holland B.V. has bought the extrusion division of Germany's A-Z Formen und Maschinenbau GmbH, extending its product range.
Production of A-Z's extruders for tire production and retreading will continue as a new division, VMI-AZ Extrusion GmbH, from existing facilities in Runding, Germany. Two sales and service units, in Munich, Germany and Akron, Ohio, will continue their operations under the new unit.