TOKYO (May 12)—Bridgestone Corp. is investing $106 million to expand production of radial off-the-road tires at its Hofu plant in Yamaguchi Prefecture, Japan.
The project will raise the company's annual production capacity for small- and medium-sized OTR tires to 16,000 metric tons by the end of 2007, Bridgestone said. The products, it added, will be exported mainly to Asian and European markets, with some also going to Latin America and to a lesser extent North America.