ERJ staff report (TB)
Normal, Illinois -- Bridgestone Americas is budgeting $20 million for capital improvements to its OTR tyre plant in Bloomington, Ill., primarily to add capacity for 25-inch radial tyres, but the plan depends in part on a local enterprise zone being extended to include the plant.
The investment would expand capacity for that type tyre by a third to 120 a day, according to information from Plant Manager Marty Greutman, and would create up to 38 new jobs at the 46-year-old plant, which primarily makes bias-ply OTR tyres.
Having the plant in the Bloomington, Normal and McLean County enterprise zone will lead to state tax breaks, a Bridgestone spokesman said, specifically allowing the company to purchase building materials using the â€œstate sales tax exemption native to the enterprise zone.â€
Bridgestone said it expects the process of obtaining enterprise zone designation - which involves action by the Bloomington and Normal city councils and the McLean County Board - to take at least 60 days.
News of the possible expansion comes just weeks after Bridgestone disclosed plans to invest $1.2 billion in South Carolina to build a radial OTR plant.
From Tire Business (A Crain publication)