Bridgestone Corp. on Wednesday said it would invest about $US300 million to build its fourth tyre plant in China to meet rising production of trucks and buses.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Production at the wholly owned plant, to be located in Huizhou in the southern province of Guangdong, is scheduled to begin in January 2007, Reuters reported, adding that output capacity will be increased gradually, reaching 5,000 tyres per day by the first half of 2009, with a workforce of about 1,000.
The report said Bridgestone operates another truck and bus tyre plant in the northeastern city of Shenyang producing 3,000 tyres a day, as well as two other tyre factories for passenger cars.
The Huizhou plant would be Bridgestone’s 50th tyre factory worldwide spanning 23 countries, including two new plants under construction in Brazil and Mexico, Reuters added.
