BRUSSELS—Bridgestone Corp. has launched a $315 million, five-year investment program in Europe to upgrade and expand capacity by roughly 20 percent at tire plants in Poland and Spain.
Under the phased plan, Bridgestone will expand production capacity, purchase cutting-edge equipment and optimize existing production lines at passenger/light truck tire plants in Poznan, Poland, and Burgos, Spain, and truck/bus tire plant in Stargard, Poland.
The investment, Bridgestone said, is intended to support its growth and portfolio expansion plans, while also enhancing customer service capabilities. Roughly $83 million is budgeted for the plant in Burgos, with the remainder for the two Polish plants.
Bridgestone said it does not expect the projects to affect employment at any of the plants.