Tokyo--Bridgestone Corp. has announced that it will broaden its ongoing capital spending program in global tyre manufacturing. The company said it will "realign and expand its production resources in response to the overall growth in global tyre demand and to the changing composition of demand." Bridgestone provides for aggregate investment of some Â¥227 billion (â‚¬1648 million) over the five years from 2003 to 2007.
In a statement, the company summarised a number recent announcements, and gave an explanation of the straegic thinking behind the decisions. All the projects mentioned in the statement have previously been described by ERJ.
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Press release from Bridgestone