Bridgestone to site new tech center in Jiangsu
8/11/2005 10:48
Shanghai Daily news
Bridgestone corp said yesterday that it has received approval from the
Chinese government to build a technical center beside its existing tire plant in
Wuxi in Jiangsu Province. The us$14 million facility, Bridgestone (China)
Research & Development Co, will be responsible for testing raw materials
supplied to the company's Chinese tire factories, according to a statement
issued by Japan's biggest tire maker. The center, expected to go into
operation next July with some 20 employees, will be Bridgestone's fourth
technical center worldwide in addition to facilities in Tokyo, Rome and Akron in
the US state of Ohio. Tokyo-headquartered Bridgestone now has three factories
in China, the world's third-largest auto market behind the United States and
Japan. Tires for passenger cars are manufactured in Wuxi and Tianjin in Hebei
Province, and truck and bus tires are made in Shenyang, Liaoning Province. The
company is also building a fourth tire plant in Huizhou in Guangdong
Province. "Bridgestone will create a consistent system from development to
production and sales to enable quick response to the diverse needs of the
Chinese market," the company said. The new technical facility will be wholly
owned by Bridgestone (China) Investment Co, the tire maker's US$68 million
investment arm in China, which was formed in Shanghai last October. Last
month, the company said it would add 750 outlets in China by 2010, bringing the
total to 5,600. Rivals, including Goodyear Tire & Rubber Co and
France-based Michelin also said they plan to raise the number of branded retail
stores by the end of the year.
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