The Indian subsidiary of global tyre manufacturer- Bridgestone Corporation is going to invest USD 304.3 million for the expansion of its 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 the total daily production from both plants to approximately 41,000 tyres by 2022, the company statement said.
This investment is meant to raise production capacity by around 15,000 tires per day, bringing total daily production from both plants to approximately 41,000 tires by 2022, said an 8 Aug statement.
The brand’s investment in the Indian production plants is supposed to enhance Bridgestone India’s capability and capacity to produce tyres with cutting edge technology so that it can cater to the surge in demand. Also, the expansion will open up 450 jobs for skilled labour.
It will help the local arm of the Tokyo-headquartered firm, the world’s largest tyre and rubber company, to meet increased tyre demand, owing to growing vehicle population and production.
Bridgestone India Pvt. Ltd. photo Bridgestone India’s manufacturing complex in Pune, Maharashtra.