Bridgestone addressing mining, construction sector demand with Thai OTR plant
Global demand OTR radials for use in construction and mining applications is growing, and to meet the needs of a hungry market, Bridgestone intends to build a new production facility in Thailand. On 5 March the Japanese tyre maker announced plans to invest around 50 billion yen (£385.6 million) setting up the tyre plant in Rayong, and production there is expected to begin in the first half of 2015. Production capacity at the new plant is expected to reach approximately 85 tons per day by the 1st half of 2019, when scheduled capacity increases are completed. In addition, Bridgestone will also erect a steel cord manufacturing facility through its cord manufacturing subsidiary.