Bridgestone to invest Rs 1940 crore for plant expansion in India

Tyre major Bridgestone India Pvt. Ltd., a group company of Bridgestone Corporation has announced its expansion with an investment of US $ 304.3 million (Rs 1940.17 crore approx.)for both the Pune (Chakan) and Indore (Kheda) plants. The investment will be done in a phased manner over the next five years starting 2017.

This investment will enable Bridgestone’s Indian plants to meet increased tyre demand owning to growing vehicle population and production. Production capacity is expected to increase by an estimated 15,000 tyres per day, bringing total daily production from both plants to approximately 41,000 tyres by 2022. In addition to capacity expansion, this investment will enable the expansion of the size production mix capability of both plants in order to better match the evolution of car industry models being released to the local market. It is also expected to create 450 jobs for skilled manpower.

 Kazutoshi Oyama, Executive Director, Bridgestone India Pvt. Ltd. said, “This investment affirms our commitment to expand Bridgestone’s footprint in India, which is one of the fastest growing markets in the world, and will enable Bridgestone India to be equipped with advanced manufacturing technology and processes that will allow us to better serve our customers with products of superior quality.”