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.”
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