Bridgestone To Invest Rs.2,600 Crores in India


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Signs MoU with Maharashtra Govt to set up a plant in Chakan

MUMBAI: Bridgestone India signed a memorandum of understanding (MoU) with Maharashtra Government to facilitate the creation of a production facility to make passenger car radial tyres (PCR) and truck and bus radial tyres (TBR) at Chakan near Pune, Maharashtra.

The MoU was signed in the presence of Maharashtra Chief Minister Ashok Chavan, Vice-President and Senior Officer, International Tyre Business Operations, Bridgestone Corporation, Takashi Urano.

The facility in Chakan will entail an investment of around Rs. 2,600 crore (50 billion Japanese yen) which will be made in a phased manner. At full capacity, the plant will employ around 1,800 people and has a capacity to make 10,000 units of PCR and 3,000 units of TBR a day by 2020. The company is likely to start production of passenger car radial tyres by January 2013 and TBR by August 2013.

Bridgestone India is a 100 per cent subsidiary of Bridgestone Corporation, Japan. It already has a plant at Pithampur near Indore, Madhya Pradesh, set up in March 1998, which produces PSR tyres and at present has about 1,280 employees. It produces around 13,500 tyres a day and plans to start production of TBR tyres there in 2011. Bridgestone is already among the leading companies in the Indian market of tyres for new vehicles and for replacements.

“We welcome this initiative by Bridgestone and are confident of the impact that will have on our economy. Apart from significantly contributing towards large-scale job creation, Bridgestone's new manufacturing plant will emphasise Maharashtra's position as a leading global business hub and the most attractive investment destination in the country,” Mr. Chavan said.

Mr. Takashi Urano said, “Bridgestone is a strong believer in the India success story and we are confident that the country is well on its way to becoming one of the most influential and powerful economies in Asia. Apart from the near 10 per cent predicted sustained growth, we view India as a highly robust economy with extremely sound fundamentals, and a highly evolved regulatory environment. “The opportunities that India offers within infrastructure and its allied sectors are tremendous.”

Source:Hindu
 
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Bridgestone inaugurates its second plant in India

Bridgestone inaugurated its second Indian plant at Chakan, Pune. They will manufacture both passenger car as well as truck and bus tyres at the plant. The plant will bring an estimated Rs 2600 crore to the state by 2015 and employ 1800 people. It will have the capacity to produce 10,000 passenger radial tyres and 3,000 truck/bus tyres every day. The plant is expected to reach its maximum capacity by 2015 and will supplement the production numbers from their other facility in Kheda, Madhya Pradesh.

While Bridgestone holds a healthy position in the passenger car market they are absent from the two wheeler market. When we asked Hiromi Tanigawa MD, Bridgestone India Private Limited about this he confirmed that currently they have no plans to enter the two wheeler market yet but it could be a possibility in the future.

Talking to the media, Kazuhisa Nishigai, COO Bridgestone Corporation, said that “India is growing rapidly and it will surely continue further in the future and has an unlimited potential. The success in India is essential and inevitable for Bridgestone to be the undisputed No. 1 Tyre and Rubber Company in the world both in name and reality.”


http://overdrive.in/details/2761/Bridgestone-inaugurates-its-second-plant-in-India
 

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