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Establishment of the plant on production of car tires

Establishment of the plant on production of car tires

The new production will be located in the territory of the industrial park Zavolzhye with the area over 80 Ha. A partner of Bridgestone in this project is Mitsubishi with the share of 10% in Bridgestone Tire Manufacturing C.I.S. (the structure which will manage a new plant).

The total volume of investments in the project will make up 12.5 billion rubles.

Yoshiaki Hiraishi, General Director of Bridgestone CIS, LLC

“We spent a lot of time choosing a region and a partner. There were over 100 locations where we could have begun building a plant. We had a list of specific criteria according to which we eventually settled on a region. For example, we wanted a well-developed infrastructure, as well as a regional government that had experience in developing businesses with foreign companies. In the final stage, when it came time to sign the agreement, it was important to understand how serious, open and friendly the attitude of the local administration was toward foreign companies — how prepared it was to understand differences in, say, the Japanese and Russian mentalities. The local administration in the Ulyanovsk region, for example, not only viewed this project from a business standpoint, but saw it as an exchange of cultural experience.”

The plant in the Ulyanovsk region will become the first production site of Bridgestone in Russia and CIS.

Construction of the plant will begin in 2013. The start of production is planned for the first half of 2016. 12,000 tires will be produced at the plant per day by the end of 2018 what corresponds to 4 million units of annual production capacity. The company will manufacture both studded and studless winter and summer tires.

About the company

Bridgestone Corporation headquartered in Tokyo, Japan, is the world’s largest manufacturer of tires and rubber products. The company has about 190 manufacturing plants and R&D facilities in 25 countries, selling products in over 150 markets worldwide. Tires accounted for approximately 84% of consolidated sales in 2012, with the remainder derived from a broad range of diversified products and services including industrial rubber and chemical products and golf equipment, bicycles and other sporting goods.

Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. The company has more than 200 Offices & Subsidiaries in approximately 90 countries worldwide and a network of over 500 group companies.