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Excon, Excon 2011 Biggest Construction Equipment Trade fair India.

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Bridgestone to invest Rs259 crore on capacity expansion

11/18/2009 02:30:00 PM

Kolkata, Nov (EPC News): Bridgestone Corporation, has announced an investment of Rs259 crore for expansion of it's production facility at Pithampur near Indore in Madhya Pradesh. The company has identified India as a significant growth market in the Asia-Pacific region and wants to capture a third of the growing passenger car market in India.

The company will increase production capacity by over 40% to 15,000 tyres per day by the middle of next year. Bridgestone will also hire 300 more people as part of the expansion plan in the country.