TOKYO (Dec. 28)—Bridgestone Corp. said it will spend $100 million during the next 2-2½ years to build a styrene-butadiene rubber plant in Huizhou, China, primarily to serve its tire plants in China and Asia.
Bridgestone set up Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. to operate the facilityt, which should come on stream in the first half of 2008 with annual production capacity of 50,000 metric tons, the firm said. The Japanese firm will use technology from JSR Corp.
Bridgestone, which makes SR at two plants in the U.S., said the decision to build in China and Asia is in line with an expected surge in demand in those areas and its strategy to expand in-house supply of strategic raw materials.
The project was announced following approval for it from Huizhou city officials, Bridgestone said. The plant will be built in Huizhou's Dayawan Economic and Technological Development Zone in Guangdong Province.
This project is in addition to more than $360 million Bridgestone has committed through 2007 to enhance its raw materials supply situation.