Bridgestone breaks ground for car tyre plant in Russia
World’s largest tyre manufacturer, Bridgestone Corporation breaks ground for building a new passenger car radial tyre plant in Ulyanovsk Oblast, Russia.
The plant which is expected to start production in the first half of 2016 will produce passenger car radial tyres such as winter tyres for the Russia/CIS market.
Production capacity is estimated to reach approximately 12,000 units a day by the second half of 2018, Bridgestone said in a statement on April 2, 2014.
The company is building this new plant in order to meet this demand growth with local production. The new plant will enable the Group to be closer to the market, and supply its products to customers in a timely manner, the company said.
However, the company did not say how much they will be investing to build the plant.
“Bridgestone is building this new plant in order to meet the demand growth with local production and to contribute motorization in Russia with high-quality, safety-secured products,” Kazuhisa Nishigai, COO and Representative Board Member of Bridgestone Corporation said.
Hiromi Tanigawa, president of Bridgestone Tire Manufacturing C.I.S. LLC which will operate the new plant, expressed his enthusiasm for the construction and startup of the new plant and exchanged opinions with other participants.
According to the company, Russia/CIS region is a large market with a population of approximately 300 million and new vehicle sales in the region have shown strong growth and demand for tyres is expected to increase.