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Bridgestone inaugurates first tire plant in Vietnam

THUrsday - 04/12/2014 20:48
On the morning of October 24, Bridgestone Tire Manufacturing Vietnam Limited Liability Company (BTMV) officially inaugurated the first Vietnam tire factory at Dinh Vu Industrial Zone.
Bridgestone inaugurates first tire plant in Vietnam

Bridgestone inaugurates first tire plant in Vietnam

The project to construct Bridgestone manufacturing plant of the Bridgestone Group (Japan) at Dinh Vu Industrial Zone has a total investment capital of USD 1.224 billion with a total area of 102.4 ha. This is one of the biggest FDI projects in Haiphong.

BTMV started production in April 2014 and its total production is expected to increase to  10,000 tires per day by the end of 2014. The plant is slated to attract around 3,800 workers by the second half of 2017 and reach daily production capacity of 49,000 tires.

“Once fully operational, Bridgestone Tire Plant will produce products in line with our corporate philosophy of “Serving Society with Superior Quality”, and will strive to develop our business and contribute to the local community in Vietnam.” said Masaaki Tsuya, CEO and Representative Board Member, concurrently Chairman of the Board, Bridgestone Corporation. He also said that the factory will serve as a key export base for the European, North American, and Japanese markets.

Delivering his speech at the ceremony,  Chairman of Haiphong’s People Committee Dương Anh Dien also asserted that the inauguration and operation of the factory is of great significant meaning, contributing positively to the process of industrialization, modernization and socio-economic development of the city. At the same time, this also helps increase the confidence and attractiveness of the investment environment in Hai Phong,  paving the way to lure strong FDI inflows, especially from Japanese investors.

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