Bridgestone Vietnam pumps more capital into tyre production

Monday, Nov 18, 2013 17:01

HA NOI (Biz Hub) — Bridgestone Tyre Manufacturing Vietnam Limited Liability Company (BTMV) has increased its investment capital by US$416.4 million in its under-construction passenger car radical (PSR) tyres plant in Hai Phong's Dinh Vu Industrial Park.

According to the Hai Phong IP Management Board, the plant was licensed early last year with a production capacity of 24,700 tyres per day in the first phase. It is expected to expand production capacity to reach 49,000 tyres per day by the end of 2017.

The plant will serve as an export base for PSR general-purpose tyres sold in Europe, North America and Japan. — VNS

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