Bridgestone

Type
Business expansion
Country
Hungary
Region
Dunántúl; Közép-Dunántúl; Komárom-Esztergom
Location of affected unit(s)
Tatabánya
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
120 jobs
Number of planned job creations
Job creation
Announcement Date
10 February 2017
Employment effect (start)
10 February 2017
Foreseen end date
1 January 2020

Description

Japanese manufacturer Bridgestone extended its Tatabánya passenger car tyre plant to 147 000 square metres, doubling its area. 70 percent of the new manufacturing equipment is already installed and operational. The expansion is part of an HUF 85 billion (cca 275 million EURO) investment program started in 2013 with the aim of the factory quadrupling its production by 2020 to 7,2 million units. The Tatabánya plant produced 2 million tyres in 2016. The current 800-strong workforce is expected to rise to 920 by 2020.

Sources

  • 10 February 2017: Privatbankar.hu
  • 10 February 2017: hrportal.hu

Citation

Eurofound (2017), Bridgestone, Business expansion in Hungary, factsheet number 90185, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90185.