TOKYO — Bridgestone Corp. said it will spend about $287 million to expand capacity at two factories in Japan.
The investment is going into a plant in Kitakyushu that will start producing tires in the second half of 2009, and another in Saga to meet growing global demand for large and ultra-large off-the-road radial tires.
The Saga facility produces steel cord used in the tires while the site in Kitakyushu will manufacture the tires, according to the company.
The primary applications for the off-the-road tires will be the mining and quarry vehicle industries. Bridgestone said it expects the expanding global production of mineral resources to remain at a high level.
Bridgestone plans to begin expansion work in the second half of 2008, with production scheduled to start in the second half of 2010. It projected that production capacity will increase by about 50 tons of new rubber a day by the end of 2012.