TOKYO—Bridgestone Corp. is planning to invest $180 million through 2028 at three Japanese tire plants to expand capacities for larger rim-diameter passenger tires, especially those 20 inches and larger.
The investment plan will boost daily capacity for said tires by 3,000 tires collectively at plants in Hikone, Tosu, and Tochigi, Bridgestone said, or roughly 3.5 percent of existing capacity at the factories.
The initiative aims to strengthen and expand Bridgestone's global production of "ultra" larger-rim diameter car tires. with Japanese manufacturing positioned as the "core" of global operations.
Bridgestone said it aims to enhance its premium tire business with technologies like its "Enliten" light-weighting technology, which is designed to improve environmental and performance characteristics of tires and which Bridgestone calls the "new premium in the electric vehicle era."
The company also will employ its Bridgestone Common Modularity Architecture manufacturing technology at the facilities to streamline production and reduce costs.
By enhancing Japan's R&D manufacturing power, Bridgestone said it aimed to further strengthen its earning power and global competitiveness.