ERJ staff report (TB)
Brussels, Belgium (March 4, 2013) – Bridgestone Corporation will close its passenger tire plant in Bari, Italy, by early 2014, reports Tire Business.
The closure is in line with the company’s increased emphasis on premium-segment products.
The plant, opened by Firestone Tire & Rubber Co. in 1962, makes predominantly low-range car tires, a segment that increasingly is being served by imports from companies based in emerging nations, which have cost-competitive advantages, Bridgestone said.
The plant produces approximately 21,000 tires a day with 950 employees.