Bridgestone.Bridgestone, Tokyo, Japan, announced plans to produce and market tires in Poland. The move is said to strengthen the company's strategic capabilities to meet demand for products in nations of eastern and western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . Bridgestone/Firestone Poland Limited Liability Company, a joint venture of Bridgestone and Stomil Poznan S Poznań (pôz`nänyə), Ger. Posen (pō`zən), city (1994 est. pop. 589,300), capital of Weilkopolskie prov., W central Poland, port on the Warta River. .A., a state-owned company, will be located in Poznan, about 300 kilometers west of Warsaw. Bridgestone will own 71.2% of the venture. Stomil Poznan will own 28.8%. The joint venture plans to start production of radial tires for passenger and small commercial vehicles in July, 2000. Initial production will be 5,000 tires daily the first year, increasing to 10,000 within a few years. The company will employ approximately 300 when manufacturing starts, with the workforce increasing as production rises. Capital investment for the project will be approximately $75 million. With the start of mass production at its new tire plant in India, Bridgestone now operates 41 tire manufacturing facilities in 21 nations. The newest plant is near Indore, within the state of Madhya Pradesh Madhya Pradesh (mäd`yə prä`dĭsh), state (2001 provisional pop. 60,385,118), 119,010 sq mi (308,240 sq km), central India, between the Deccan and the Ganges plain. The capital is Bhopal. , India. The facility started as a joint venture with companies of the Indian-based Tata Group The Tata Group is India's largest conglomerate company, with revenues in 2005-06 of Rs. 967,229 million (US $21.9 billion), the equivalent of about 2.8% of India's GDP, and a market capitalisation of US $57.6 billion now (only 28 of the 96 Tata Group companies are publicly listed). . Bridgestone now owns 67% of the joint venture, known as Bridgestone ACC See adaptive cruise control. India, Ltd. The plant produces radial tires and tubes for passenger vehicles and small vans, for both the replacement and original equipment markets in India. Annual production is forecast at 1.9 million tires for the plant, which covers 41,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas . |
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