NASHVILLE—Bridgestone Americas Inc. is shuttering its 53-year-old La Vergne, Tenn., truck/bus tire plant.
Announced Jan. 23, the closure—set for July 31—will result in the loss of about 700 salaried and hourly positions and is the latest in a series of moves intended to streamline Bridgestone's operations and optimize its company footprint in North and Latin America.
"Decisions like this are not easy because of the impact it has on our teammates and their families, and, at the same time, we are optimizing our business footprint for the future," Scott Damon, CEO of Bridgestone West and group president for Bridgestone Americas, said in a statement. "We are confident that this decision will strengthen our core business, enabling us to operate more efficiently."
The La Vergne plant has a rated capacity of around 2 million tires per year, and the tire maker intends to transfer this capacity to other Bridgestone facilities.
"Production from La Vergne will be shared among several existing plants," Bridgestone told Rubber News in an email interview. "With respect to long-term finished tire production, it will be assumed by existing Bridgestone Americas plants. No jobs are being transferred to or added at other locations."
While the company didn't specify which facilities are likely to make up the production losses, it is worth noting that Bridgestone operates just one other truck/bus tire plant in the U.S., a 35-year-old factory in Warren County, Tenn. That facility has a rated capacity for around 3.3 million tires each year, according to Rubber News' annual Global Tire Report.
And it's growing.