Bridgestone, the multinational rubber conglomerate on Friday announced that will build a new tire factory in Vietnam, as a result of the strong growth in global demand for PSRs.
The 35.5 billion yen (£286.2 million) new plant in Hai Phong, northern Vietnam, will start producing replacement tires in the first half of 2014 for exports to the United States, Europe and Japan.
Plans call for a production capacity of approximately 24,700 tires per day after the production ramp-up is completed in the first half of 2016. The plant will be built in an industrial zone in the city of Hai Phong, on a plot of land measuring roughly 1.02 million sq. meters.
The Tokyo based tire maker currently produces new tires in 20 countries. As of the end of 2005, production facilities belonging to the Bridgestone Group have increased to 141 spread throughout twenty-four nations of the world.
As of 1 April 2011, Bridgestone has 47 tire plants, 29 tire related plants, 19 raw materials plants, 89 diversified product plants, 4 technical centers, and 11 proving grounds globally. Some of the major plants are located in: