Japan’s tyre maker Bridgestone has opened its second plant in India with a total investment of Rs 2,600 crore.
“The Chakan facility, near Pune has started commercial production of passenger car radial tyres for the Indian market,” Hiromi Tanigawa, managing director at Bridgestone India, said.
He said the company had already spent Rs 1,500 crore, out of the total Rs 2,600 crore planned in installing production facilities and the machines, at the 187-acre plant. “The new plant will have a capacity to manufacture around 10,000 passenger car radial tyres per day by the end of calendar year 2014,” Tanigawa said. The company will also employ over 1,800 people at the facility.
The company will initially have the capacity to produce 5,000 passenger car radial tyres daily by the end of December 2013 and about 1,000 truck and bus radial tyres per day by October 2013, Tanigawa said. He said the facility will produce 3,000 truck and bus radial tyres per day by the end of calendar year 2017.
Ajay Sevekari, director, human resources and purchase logistics, Bridgestone India, said at present, the company had recruited over 400 staff who were being trained at various levels in the production assembly lines.
“India is the third largest growing market for us after China and Japan and we are here for a long haul,” Kazuhisa Nishigai, COO and representative board member of Bridgestone said.
He said the company planned to make India an export hub gradually when the demand for radial tyres picks up in the global market. “We plan to invest more in this new facility to meet Indian and export market demands,” Nishigai said. He said the company also planned to set up its research and development centre at Chakan.
Tanigawa said while passenger car radial tyres market in India was growing at 10 per cent and truck and bus radial tyres at 5-7 per cent, Bridgestone brand was growing higher than the industry. He said at present the passenger car radial tyres constituted 90 per cent and truck and bus radial tyres 20 per cent of the market demand.
Bridgestone India’s first 76-acre plant in Kheda in Madhya Pradesh manufactures 15,000 radial tyres per day for the passenger cars and 400 radial tyres daily for trucks and buses.
“The Chakan facility, near Pune has started commercial production of passenger car radial tyres for the Indian market,” Hiromi Tanigawa, managing director at Bridgestone India, said.
He said the company had already spent Rs 1,500 crore, out of the total Rs 2,600 crore planned in installing production facilities and the machines, at the 187-acre plant. “The new plant will have a capacity to manufacture around 10,000 passenger car radial tyres per day by the end of calendar year 2014,” Tanigawa said. The company will also employ over 1,800 people at the facility.
The company will initially have the capacity to produce 5,000 passenger car radial tyres daily by the end of December 2013 and about 1,000 truck and bus radial tyres per day by October 2013, Tanigawa said. He said the facility will produce 3,000 truck and bus radial tyres per day by the end of calendar year 2017.
Ajay Sevekari, director, human resources and purchase logistics, Bridgestone India, said at present, the company had recruited over 400 staff who were being trained at various levels in the production assembly lines.
“India is the third largest growing market for us after China and Japan and we are here for a long haul,” Kazuhisa Nishigai, COO and representative board member of Bridgestone said.
He said the company planned to make India an export hub gradually when the demand for radial tyres picks up in the global market. “We plan to invest more in this new facility to meet Indian and export market demands,” Nishigai said. He said the company also planned to set up its research and development centre at Chakan.
Tanigawa said while passenger car radial tyres market in India was growing at 10 per cent and truck and bus radial tyres at 5-7 per cent, Bridgestone brand was growing higher than the industry. He said at present the passenger car radial tyres constituted 90 per cent and truck and bus radial tyres 20 per cent of the market demand.
Bridgestone India’s first 76-acre plant in Kheda in Madhya Pradesh manufactures 15,000 radial tyres per day for the passenger cars and 400 radial tyres daily for trucks and buses.
No comments:
Post a Comment