Bridgestone unitʼs revenue up 47% in 2017

Pharma

The Hungarian unit of Japanese tire maker Bridgestone recorded HUF 53.1 billion in sales revenues last year, 47% more than in 2016, Executive Manager Melinda Topolcsik told state news wire MTI on Thursday.   

Topolcsik noted that revenues were up after the company completed an HUF 85 bln capacity expansion last year at its plant in Tatabánya, northwest of Budapest, doubling annual production capacity to 3.6 million tires. The company plans to double annual production again to 7.2 mln units by 2020.

Bridgestone started operations in Hungary 10 years ago. In that time it has manufactured 14.5 mln tires and invested HUF 150 bln at its plant.

ADVERTISEMENT

Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.