Bridgestone to Invest $32 Million in Hungarian Plant

Bridgestone to Invest $32 Million in Hungarian Plant

Bridgestone Corp. announced that it will invest 9.2 billion forint ($32 million) in its plant in Tatabánya, Hungary.

Bridgestone Corp. announced that it will invest 9.2 billion forint ($32 million) in its plant in Tatabánya, Hungary.

The investment will provide a new 10,000-square-meter warehouse for the site, which will help increase the plant capacity to produce 7.2 million tires per year by 2020.  The Hungarian Government is also providing 826 million forints (almost $3 million) in funding.

, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Monday in Budapest.
The Minister highlighted the fact that Bridgestone works using the most modern digital technology, and that the investment means further supplier capacities for the automotive industry, which is the backbone of the Hungarian economy, and will be creating 100 new jobs.

President and Managing Director of Bridgestone Tatabánya Limited Melinda Topolcsik told the press that a new, 10 thousand square metre warehouse will be constructed within the framework of the project, in addition to which the company will be realising a further increase in capacity, enabling the plant to produce 7.2 million tyres-a-year by 2020.

Péter Szijjártó, Hungary’s minister of foreign affirs and trade, said that the company will be installing totally new, digital production technology, which will be facilitating the dimensional shift of the Hungarian economy. He highlighted the fact that the Hungarian economy is export-orientated, and its performance is determined to a major extent by the level of exports. He said 99% of the products manufactured Tatabánya plant are exported.

Bridgestone, which started production at its Hungarian plant in 2008, currently provides work for 1,200 Hungarian employees and will add 100 more employees with this investment.

You May Also Like

Everything you ever wanted to know about Formula E tires

Learn how tire technology affects the highest level of all-electric racing from three different perspectives: The president of Hankook Tire North America, a tire engineer, and a Formula E driver.


Gen3 Formula E cars – with around 469 horsepower and the ability to reach a top speed of about 174 miles per hour – are some of the world's most powerful and capable vehicles. That's why the tires spec'd for these high-performance vehicles are also expected to perform at the highest level. Grip, traction, handling, even enhanced energy use – these tires are designed to give the driver every tool he or she needs to cross the finish line ahead of the pack. But, you don't have to take my word for it.

GRI expands footprint in South America

GRI said its goal is not just to sell specialty tires, but to contribute to the region’s growth through its focus on sustainability.

Aperia’s Halo Tire Inflator accrues over 100 billion miles

The company said its Halo Tire Inflator has saved over 716,000 metric tons of CO2.

Electronic Specialties releases Pro Auto Test Lead Kit

The kit includes a full range of accessory test leads designed for automotive, heavy-duty and marine electrical troubleshooting

Nokian Tyres produces first tire in new Romanian factory

The annual capacity of the Nokian Tyres Romania factory will be 6 million tires once the factory is fully operational.

Other Posts
Vogue Tyre adds two new sizes to its custom built radial lineup

New sizes include the 275/50R22 Custom Built Radial SCT2 White/Gold and the 245/40R19 Custom Built Radial White/Gold.

Hanook’s iON evo to be OE on the Porsche Taycan electric sports car

Hankook said it succeeded in increasing the iON evo’s sustainability without having to compromise tire safety and performance.

Pirelli named tire partner for the Audi RS 4 Avant 25 year edition

The anniversary edition of the sports estate car has two tire options: Pirelli P Zero Corsa and Pirelli P Zero Trofeo RS tires.

Yokohama Rubber supplies its GEOLANDAR X-CV as OE on Mazda’s CX-70

The tires being supplied for Mazda were developed by utilizing specialized tuning to match its tread pattern, profile, and tire structure.