09/15/2010

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THAILAND: Bridgestone invests Bt7.9 bn here

Japan-based Bridgestone will invest Bt7.9 billion in its Thai subsidiary to boost production of radial tyres for both passenger cars and light trucks at its Nong Khae plant."The investment is in line with the demand for tyres globally and in the Thai market," Pojanee Khiankew, corporate communications executive at Thai Bridgestone, said."The demand for radial tyres is growing worldwide, and this investment reflects this demand. About 40 per cent of the current production is for local consumption."Our new phase of investment will help us better serve the local and foreign markets. Bridgestone has now determined that further expansion of the plant, which stands on a site of around 660,000 square metres, is necessary to meet market demands," she said.The Nong Khae plant began operating in 1995 and supplies passenger car and light truck radial tyres to both the domestic market and key overseas markets including Asia, North America and Europe. In January 2008, the first phase of investment saw daily production capacity rise by about 6,000 units.That project is set for completion next year and the second phase is set to begin soon."Since the investment has just been announced the full details are not yet clear. We will be hiring new staff, although a fixed figure cannot be revealed at this moment. The full increase in production will be completed within the next three years," she said. Bridgestone has two manufacturing facilities in Thailand. The older plant located in Rangsit makes tyres for trucks and buses.(Syed Rashid Ali, Karachi, Pakistan)

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