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Bridgestone to invest 304.3 million USD for plant expansion in India

Parichay Malvankar
Written by Parichay Malvankar

Bridgestone India Pvt. Ltd., a group company of Bridgestone Corporation, the world’s leading tyre and rubber company, today announced its expansion with an investment of 304.3 Million USD 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.

This investment will further enhance Bridgestone India’s capability and capacity to produce tyres with cutting edge technology, to contribute in respect of the environment, while supporting the increasing demands of mobility to improve and facilitate the way the Indian community move, live and work.