From Tire Review
Bridgestone Corp. has revealed plans to build a passenger car radial tire plant in the Zavolzhye Industrial Zone in Ulyanovsk Oblast, Russia. The facility will be Bridgestone’s first tire plant in the Russia/CIS region.
The plant will be operated by Bridgestone Tire Manufacturing C.I.S. LLC (BMCIS), a tire manufacturing company jointly established by Bridgestone and co-investor Mitsubishi Corp. Bridgestone will have 90 percent equity ownership, and Mitsubishi will have 10 percent. Total investment by both companies in the project will be approximately ¥37.5 billion Japanese yen.
Production, scheduled to begin the first half of 2016, is estimated to reach approximately 12,000 units a day by the second half of 2018. Tires produced at the plant will focus on winter tires for the Russia/CIS market.
New vehicle sales in the Russia/CIS region have shown strong growth and demand for tires is expected to increase in the future, the tiremaker said, adding it is building the new plant in order to meet this demand growth with local production.
