Bridgestone to set up Rs 2.6k-cr plant near Pune

Written by fe Bureau | Chennai | Updated: Mar 31 2010, 06:31am hrs
Bridgestone, Japans largest tyre-maker, will set up its second India plant near Pune, Maharashtra, investing Rs 2,600 crore in phases. The new plant will begin the production of passenger car radial tyres (PSR), truck and bus radial tyres (TBR) to cater to their growing demand in India.

The tyre major had set up its first plant at Pithampur near Indore, Madhya Pradesh, which produces PSR tyres. The plant will start production of TBR tyres in 2011.

Bridgestone India Private Ltd managing director Hiromi Tanigawa said PSR production at the new plant is scheduled to begin in January 2013 and TBR production, in August 2013.

By the year 2020, the production capacity of the plant is slated to reach 10,000 units of PSR and 3,000 units of TBR per day.

Bridgestone India has reached an agreement with the Maharashtra government for acquiring close to 7,70,000 square metre land at the Chakan Industrial Area near Pune.