TOKYO (March 30, 2010) — Bridgestone Corp. plans to invest $540 million through mid-2013 to build a car and truck tire plant near Pune, India, to support growing demand for radial tires in that Asian nation.
The plant, scheduled to start producing passenger tires in early 2013 and truck tires by mid-2013, will be Bridgestone's second in India.
The other is a 12-year-old passenger tire plant in Indore, where Bridgestone is expanding car and light truck tire capacity in a $56 million project and is adding capacity for radial truck and bus tires in a $36.7 million project due on stream before mid-2011.
The new plant will reach its nameplate capacity of 10,000 passenger and 3,000 truck/bus radials a day by 2020. Tokyo-based Bridgestone did not comment on the expected employment.
Bridgestone India Pvt. Ltd. has secured a 190-acre plot in an industrial estate near Pune in India's Maharashtra State for the factory. The site is about 105 miles southeast of Mumbai near India's western coast.
Tire demand in India is expected to grow significantly as automotive production and unit sales increase in step with the expansion of road infrastructure that is the result of economic growth, Bridgestone said.