SANTIAGO, Chile—Bridgestone Corp.'s wholly owned subsidiary, Bridgestone Industrial Products America Inc., established Bridgestone Products Industriales Latinoamerica S.p.A. in Santiago, which will be dedicated to selling industrial materials such as conveyors belts and other related products.
Bridgestone said the wholly-owned subsidiary of BIP will begin operations in October with four employees and $250,000 in capital.
The firm said that given the expected demand increases of copper over the medium to long term, production of copper is expected to rise substantially at copper mines across Chile and Peru, which are among the world's most prominent mining locations.
The establishment of this firm will aid the Bridgestone Group's ability to provide mining customers conveyor belts for transportation of minerals and offer enhanced services.