Bridgestone Corporation has announced that its wholly-owned subsidiary Bridgestone Europe NV/SA will build a tyre plant in Hungary. The investment is around â‚¬190 milion. The plant will produce radial tyres for passenger cars and light trucks, and it will be the first European installation of Bridgestone's revolutionary new BIRD (Bridgestone Innovative and Rational Development) production system.
Construction of the new plant will begin in 2006, according to the announcement, with production to get under way in 2008. Bridgestone's plans call for production capacity at the plant to reach about 8,000 tyres a day in the first half of 2009. The plant will be located near TatabÃ¡nya, 50km west of Budapest in Hungary.
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Press release from Bridgestone