TATABANYA, Hungary (June 13) — Bridgestone Corp. has broken ground for its $243 million passenger and light truck tire plant in Tatabanya, which will use the firm´s innovative BIRD (Bridgestone Innovative & Rational Development) process.
The plant, to be operated by Bridgestone Hungary Manufacturing Ltd., is due on stream by year-end 2007 with production scheduled to reach more than 8,000 tires a day by 2009.
The cornerstone for the facility was laid in a June 8 ceremony by Takashi Urano, president, CEO and chairman of Bridgestone Europe N.V./S.A.; JÃ³zsef VÃ¡pÃ¡r, director general of Hungary´s Ministry of Economy and Transport; MiklÃ³s HorvÃ¡th, mayor of Kornye, Hungary; and JÃ¡nos Bencsik, mayor of Tatabanya.
"This plant is vital for our European objective of steady, profitable growth," Urano said. "It is a showcase of advanced technology and a key asset in our strategy of focusing on high-value-added products in the extremely competitive European tire market."