Bridgestone rolls out Rs 1,950-cr expansion
The Indian arm of Japanese tyre manufacturer Bridgestone has announced an expansion plan with an investment of $304.3 million (over Rs 1,950 crore) in both its plants in Chakan, near Pune, and Kheda, near Indore. This investment will enable Bridgestone's Indian plants to meet increased tyre demand, owing to growing vehicle population and production. Production capacity is expected to increase by an estimated 15,000 tyres per day, bringing total daily production from both plants to approximately 41,000 tyres by 2022. It is also expected to create 450 jobs for skilled manpower.