Bridgestone to invest 70 million euros in its Burgos plantAutomotive News
- The investment will also be made at the Poznan and Stargard production sites in Poland.
- The investment will be launched in the next five years and will be complete by early 2022.
Bridgestone EMEA announced on Monday its commitment to invest approximately 266 million euros in three key production plants in Europe, one of them the one in Burgos, where the forecast is to allocate about 70 million.
The funds will be used to expand the production capacity of the facilities, acquire cutting-edge equipment and optimize existing production lines.
As a result of this investment, Bridgestone’s production plants will be significantly improved in Burgos (Spain), Poznan and Stargard (Poland).
According to the company, in addition to strengthening its position in the global tire market, Bridgestone’s investment in production will promote a combination of products, both in terms of brands and sizes, and will enable this company to “respond more responsive to the growing demand for Bridgestone premium products, including the new Turanza T005. ”
The investment of 266 million euros will be completed in early 2022The investment is intended to expand the plant’s capacity with new equipment and optimize existing production lines, in addition to the changes will include the implementation of the most advanced technology of production that is available, in systems of autonomous vehicles and machinery of high capacity.
The use of these new technologies will increase the capacity of the plants to produce sophisticated high-quality tires and an increase of more than 20 percent in production volume is expected.
“The increased demand from our partners for both parts and original equipment, for our exceptional and varied range of premium tires, supports this investment,” said Bridgestone EMEA President and CEO Paolo. Ferreri.
The investment will be launched in the next five years, and all improvements will be completed by early 2022.
“We will collaborate with local business partners taking advantage of the extensive knowledge and experience of our employees to make these key improvements,” concluded Ferrari.
EUROPE PRESS. 16.10.2017 (Translation Soft)