The expansion was started in 2013 and will be completed by 2020, when the plant plans to turn out 7.2 million tires a year, quadrupling output from 2013. The headcount will rise to 920 by 2020.
The plant currently makes almost 2 million tires a year. It employed about 800 people in 2016.
Bridgestone Hungary posted revenues of more than HUF 26 bln in 2015, with exports accounting for almost 100%.
The company will supply tires for BMW, Mercedes, Toyota and Volkswagen models from 2017 after it recently acquired an original equipment supplier certificate.