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July 07, 2015 02:00 AM

Bridgestone to establish auto parts JV in Indonesia

Shahrzad Pourriahi, European Rubber Journal
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    TOKYO—Bridgestone Corp. plans to establish a joint venture company to produce anti-vibration rubber products for automotive vehicles in Indonesia.

    The agreement was concluded on July 2 with PT Astra Otoparts Tbk, which manufactures and sells automotive parts in Indonesia.

    The JV is to build a manufacturing plant of anti-vibration rubber products, which is set to start operations in January 2016, according to a Bridgestone statement. The total amount of the investment by Bridgestone and Astra Otoparts will be $13 million.

    Bridgestone has seven facilities in five countries to manufacture automotive anti-vibration components. To achieve further global expansion, the firm said it needed a manufacturing base in Indonesia, a major car making state in the ASEAN region.

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