Bridgestone to Establish a Manufacturing and Export Sales Company for Passenger Car Tires in Vietnam

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Bridgestone to Establish a Manufacturing and Export Sales Company for Passenger Car Tires in Vietnam

Tokyo (December 15, 2011) Bridgestone Corporation today announced plans to establish a manufacturing and export sales company for radial tires for passenger cars (PSR) in Vietnam, following its announcement on November 11, 2011 to build a new PSR plant in Vietnam. The capital for the company will be US$ 307.8 million (approximately ¥ 23.7 billion), and Bridgestone Corporation will have 100% ownership of the company. The company is planned to be established in February, 2012.

Moving forward, the Bridgestone Group will continue working to bolster its global supply capacity and build a system so that it can rapidly supply high-quality products to meet market demands.

related link：News(November 11, 2011)
Bridgestone to Build a New Passenger Car Tire Plant in Vietnam

About Bridgestone Corporation:
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.