Bridgestone to launch 1.25 Billion ruble plant in Russia.
Bridgestone Corp. plans to launch a 12.5 billion ruble tyre plant in the city of Ulyanovsk in September, the government of the region said in a report.
“Bridgestone’s first Russian and CIS tyre plant will be launched on September 13, on the territory of industrial park Zavolzhye in Ulyanovsk. Deliveries of the produced goods, radial type tyres for passenger cars, will be made to the Russian market at large”, the regional government said. Exports to CIS states are not ruled out in the long term.
The capacity will amount to 2 million tyres a year with a possibility of extending production to 4 million tyres.