Bridgestone to Open First Russia Plant
Bridgestone Corp. will open its first facility in Russia, located in the Ulyanovsk region, in the second half of 2016, Russian media reports. The $147.7 million project will be built in cooperation with Mitsubishi Corporation and will create about 800 jobs. A Bridgestone official told media the plant will produce 2 million tires annually at
Nokian to Lower Production, Lay Off Employees
With a downgrades in Nokian Tyres’ 2015 outlook, the Finnish tiremaker said it will decrease production and lay of workers at its Finland facility, according to Tyres & Accessories. The economic situation in Russia and the CIS countries is said to be responsible for the decrease in passenger car tires. Tires that are purchased in
