Bridgestone puts $300M price tag on relocated Shenyang plant
Further details of the new factory Bridgestone will build in China to replace its Shenyang plant have been announced, including the tripling of investment plans. Bridgestone (Shenyang) Tire Co., Ltd. found a suitable location for the factory within the Shenyang Chemical Industry Park in late 2012 and the tyre maker now says that, rather than the total investment of US$99.9 million announced on 11 January, the company will invest a total of $299.7 million to build the new truck and bus radial factory, including costs for plant construction and production equipment. The 395,000 square metre facility is expected to enter operation in 2014 and produce 5,000 tyres per day.
The decision to relocate the Shenyang plant was made in accordance with Shenyang City development policies, which were revised following an urbanisation plan in the area surrounding the existing Shenyang factory.