By Denna Bowman
Bridgestone is set to build a second tyres manufacturing plant in India in order to meet the increase in demand it predicts will grow “significantly” on the back of highway construction.
Japan’s largest tyres maker plans to spend around £360 million on new production facilities to be built on a 770,000 square metre site near the city of Pune in Maharashtra State in western India.
Bridgestone has high expectations for future success in India, a country it describes as “an emerging market with remarkable economic growth”.
Production will get underway at the new plant in 2013 and the daily output capacity is anticipated to reach 10,000 passenger car radial tyres and 3,000 truck and bus radial tyres at the end of 2020, according to Bridgestone.
Bridgestone opened its first factory in India in 1998 near Indore in Madhya Pradesh State, central India. It has the capacity to roll out 13,000 passenger car tyres a day and will also have capacity to make 400 truck and bus tyres daily by the second half of 2012, the company announced.