TOKYO (Dec. 17, 2008)—Bridgestone Corp. said it will double production capacity at its Yokohama, Japan, plant for steel-reinforced conveyor belts used in mining.
The project will be completed by 2011 and production volume gradually will increase at the site, at a cost of about $57.1 million. The expansion is in response to long-term growth in mineral demand.
Bridgestone said it expects continued strong demand for minerals, particularly outside Japan.
The company didn't disclose if there will be any change in employment at the factory.