Bridgestone Corp. is planning to invest $139 million to expand production capacity at its passenger car tire plant in Wuxi, China, to help meet an increasing demand for tires in the country.
Expected to be completed by 2016, the expansion will increase production capacity by 5,300 tires a day, taking daily production to 22,600 tires.
Earlier this month, Bridgestone announced plans to invest $422.8 million at its passenger car tire plant in Hai Phong City, Vietnam. As a result, the plant will be capable of producing 24,000 tires a day by the second half of 2017 and up to 49,000 daily upon completion of the expansion.
