10/8/2013

Bridgestone affiliate to invest USD 300 million in new Turkish plant

Milliyet – Turkish-Japanese JV Brisa will invest up to USD 300 million in a passenger car tire plant in Aksaray in Central Anatolia, Turkey.


The partnership between Japanese Bridgestone and the Turkish Sabanci conglamerate plans to manufacture 4.2 million radial tires a year in the new plant, supplementing its existing factory in the country which manufactures tires for cars, trucks and buses in Izmit, Kocaeli. Turkey’s growing economy backed by a sound demographic composition is predicted to increase the car ownership rate in the country considerably in the coming years.


Scheduled to enter production in 2018, the plant in Aksaray Organized Industrial zone will cost USD 300 million to build.


Another Japanese tire maker, Sumitomo Rubber Industries, has recently broken ground for a tire factory in Turkey’s Cankiri province in partnership with Turkish Petlas Lastik Sanayi for USD 500 million.

Turkey; automotive industry; turkey tire makers; turkey tire industry; brisa; bridgestone turkey; turkey tire factories; turkey tire demand; sumitomo turkey; sumitomo tire turkey