ADVERTISEMENT

Bridgestone Tatabánya expects expansion to quadruple capacity

Recycling

wikimedia commons

The Hungarian unit of Japanese tire manufacturer Bridgestone expects its capacity to quadruple as a result of an investment program the unit launched three years ago, according to news reports published yesterday.

Plant manager Fernando del Cerro said yesterday that the HUF 85 billion investment could lead to an increase in the plant’s capacity in Tatabánya to 7.2 million units from the current 1.8 million by 2020, according to a report from online daily index.hu. 

Headcount at the plant is expected to rise by 20%, exceeding 850 by 2018, Hungarian news agency MTI reported. Currently, headcount is approximately 700.

Almost all products manufactured at the unit are exported, according to index.hu.

In 2015, the plant turned out 1.8 million tires, and saw revenues reach approximately HUF 48 billion.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.