MOSCOW TIME: 22.02.2019 03:17:22

Companies + Local News + Markets

Construction of Russia's first plant owned by Japanese Bridgestone completed in Ulyanovsk Region

Construction of Russia's first plant owned by Japanese Bridgestone completed in Ulyanovsk Region

On the 13th of September, temporary acting Governor Sergei Morozov took part in the official ceremony.
The facility hosted by Zavolzhiye Industrial Park has become the first plant owned by the Japanese concern in Russia and CIS. It will manufacture radial tires for motor cars using innovative technology meeting international quality standards



Construction of Russia's first plant owned by Japanese Bridgestone completed in Ulyanovsk Region


On the 13th of September, temporary acting Governor Sergei Morozov took part in the official ceremony.


The facility hosted by Zavolzhiye Industrial Park has become the first plant owned by the Japanese concern in Russia and CIS. It will manufacture radial tires for motor cars using innovative technology meeting international quality standards.


The total amount invested into the project is RUB 12.5 billion. The facility currently employs 470 persons and this number is going to increase to 800 after the plant reaches full production capacity.


"Our Ulyanovsk based enterprise will work for the Russian tier market supplying its products to consumers in Russia and CIS countries. But in future, when its capacity is expanded, we leave room for the potential exporting of a portion of the products to other countries as well. We are glad that it is the Ulyanovsk Region that was selected from all available options. We succeeded in promptly resolving all organizational matters and proceeding to the construction of the facility. Regional authorities always supported us in addressing all our challenges in connection with the project," Hiromi Tanigava, the CEO of Bridgestone Tier Manufacturing CIS, said.


The investors reckons on manufacturing up to 2 million tiers annually which number is going to be subsequently increased to 4 million tiers per annum as the automotive market recovers.



Share this:

Share this Share this Share this

NEWS


21.02.2019 Russias Export To Norway Went Up

In 2018 Russia-Norway trade turnover amounted to $1.62 bn, it is a 2.5-fold increase compared to 2017.

20.02.2019 Russia-Chile Trade Turnover Expanded

In 2018 Russia-Chile trade turnover amounted to $1.18 bn, it is a 31% increase compared to 2017.

20.02.2019 Fresh Anchovy From Sri Lanka

According to the Federal Custom Service of Russia, in 2018 Russia reduced fresh anchovy import both in terms of value and in terms of volume.

EVENTS


01.10.2019 RUSSIAN ENERGY WEEK

October 1-5, 2019 Moscow (Russia)

08.07.2019 INNOPROM 2019

July 8-11, 2019 Ekaterinburg (Russia)

06.06.2019 St. Petersburg International Economic Forum 2019

June 6-8, 2019 St. Petersburg (Russia)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners