Bridgestone to Build Passenger Car Tyre Plant in Russia
On April 12, 2013 Bridgestone Corporation announced plans to build a passenger car radial tyre plant in the Zavolzhye Industrial Zone in Ulyanovsk region, Russia. Bridgestone concluded an investment contract with co-investor Mitsubishi Corporation and with the Ulyanovsk region government and Ulyanovsk Region Development Corporation.
Bridgestone Corporation will have 90% equity ownership, and Mitsubishi Corporation will have 10%. Total investment by both companies in the project will approximately JPY37.5bn (RUB 12.5bn), and production is scheduled to begin in H1, 2016. Production items will be strategic products centered on winter tyres for Russia/CIS market.
For more detailed information about Bridgestone Corporation and its project, please read the article in the latest issue of our magazine.
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