According to reports, Bridgestone Tire recently announced that it will continue to increase investment in China.
It is estimated that in the next three years, a total of about 562 million yuan will be invested.
These investments will focus on strengthening the construction of production bases and increasing the proportion of high-performance passenger car tire production.
Bridgestone's Wuxi plant is the company's key investment project in 2024.
The company plans to invest approximately RMB190 million to expand its production capacity of high-end passenger car tires.
In order to meet the needs of the Chinese market, the size of its large-size tires will be increased to 21 inches.
The move aims to speed up the process of localising production to replace imported products.
After the plant upgrade, the application of ENLITEN® technology will be increased to improve the wear performance of tires.
At the same time, the factory will add a silent cotton tire production line, with an annual output of 2 million.
In addition, Bridgestone plans to increase its investment in the Tianjin plant.
The plant is currently under construction and is expected to be completed and put into operation in August 2025.