Bridgestone Invests 17 billion yen in OTR Expansion
Bridgestone is to invest 17 billion yen (£86 million) in increasing production of large and ultra-large radial tyres for mining and construction equipment. The company plans to spend the money in expanding production at its Shimonoseki, Saga, and Hofu plants. Bridgestone said that the move has been taken in response to growing global demand for this specific type of tyres. The investment is also said to be part of a “sweeping capital spending programme” that the Bridgestone Group is undertaking worldwide.