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.
|1. The Name of a New Company||:Bridgestone Tire Manufacturing Vietnam Limited Liability Company|
|2. Location||: Dinh Vu Industrial Zone, Hai Phong City, Vietnam|
|3. Products||: Radial tires for passenger cars|
|4. Plant Site||: Approximately 1.02 million square meters|
|5. Planned Schedule of Establishment||: February, 2012|
|6. The Capital for the New Company||: US$ 307.8 million (approximately ¥ 23.7 billion)|
|7. Representative||: Susumu Yazaki|
|8. Ownership||: Bridgestone Corporation 100%|
|9. Start of Operation||: Planned for 1st half of 2014|
|10. Number of Employees||: Approximately 1,900 employees (planned for 1st half of 2016)|
|11. Production Capacity||: Approximately 24,700 tires per day (planned for 1st half of 2016)|
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.