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Bridgestone to build warehouse and expand capacity at Hungary plant

Bridgestone to build warehouse and expand capacity at Hungary plant

Bridgestone will invest 28.3 million euros in its its Tatabánya tyre factory in Hungary to build a 10 thousand- square- metre warehouse and increase in capacity of the plant.

The expansion will  enable the plant to produce 7.2 million tyres-a-year by 2020.

“Japanese tyre manufacturer Bridgestone is launching a new, 9.2 billion forint (EUR 28.3 million) investment project in Tatabánya, towards which the Hungarian Government is providing 826 million forints (EUR 2.5 million) in non-returnable funding”, Minister of Foreign Affairs and Trade Péter Szijjártó announced.

According to the minister Bridgestone will use the most modern digital technology, and that the investment means further supplier capacities for the automotive industry, which is the backbone of the Hungarian economy, and will be creating 100 new jobs.

Szijjártó stressed that the company will be installing total new, digital production technology, which will be facilitating the dimensional shift of the Hungarian economy. He highlighted the fact that the Hungarian economy is export-orientated, and its performance is determined to a major extent by the level of exports, and 99 percent of the products manufacture by the Tatabánya plant are exported.

Bridgestone currently provides work for 1200 Hungarian employees, and this number will increase to 1300 as a result of the investment, he added. The Foreign Minister also noted that tyres for premium category cars are shipped from Tatabánya. “Hungarian small and medium-sized enterprises are also gaining a lot from Bridgestone’s activities in Tatabánya, and from this latest expansion; the company has 750 Hungarian suppliers”, Szijjártó highlighted.

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