News from Notch Consulting, Inc.

September 22, 2011

Bridgestone announces $1.2 billion investment in South Carolina

Filed under: Tires — Notch @ 8:27 am

On September 21, Bridgestone Americas, Inc. announced construction of a 1.5 million ft2 manufacturing facility for off-road radial tires on a greenfield site in Aiken County, S.C. An additional 474k ft2 expansion of the existing passenger and light truck tire plant in Aiken County was also announced, which builds on a July announcement of a 266k ft2 expansion of the site. The projects total $1.2 billion and will add 850 jobs to the local economy.

“The announcement of this greenfield off-road radial tire plant is a major strategic investment by the global Bridgestone Group to enhance its supply systems, improve its sourcing flexibility and further strengthen the Bridgestone Group’s position as the global leader in the offroad radial tire segment,” said Gary Garfield, Vice President and Senior Officer, Bridgestone Corporation, and CEO and President, Bridgestone Americas.

Full phase one production is targeted for late 2015. Bridgestone did not disclose the new plant’s projected capacity.

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