Jul 06 , 2015
Tokyo (July 6, 2015) — Bridgestone Corporation (Bridgestone) today announced the conclusion of an agreement for the establishment of a joint venture company for the manufacturing of anti-vibration rubber products for automobiles. The agreement was concluded on July 2, 2015, with PT Astra Otoparts Tbk (Astra Otoparts), which manufactures and sells automotive parts in Indonesia. Plans call for the joint venture company to build a manufacturing plant of anti-vibration rubber products for automobiles, which starts operations in January 2016. The total amount of the investment by Bridgestone and Astra Otoparts will be approximately 174.0 billion Indonesian Rupiah (approximately ¥1.6 billion).
Anti-vibration rubber products for automobiles are fitted on an automobile’s engine and suspension. They contribute to vehicular quiet and riding comfort by controlling noise and vibration. The Bridgestone Group currently has seven facilities in five countries for the manufacturing of anti-vibration rubber products for automobiles. To achieve further global expansion, the Group determined that it needed a manufacturing base in Indonesia, which is a major automobile-producing country in the ASEAN region.
To accomplish its ultimate management goals of “becoming a truly global company” and achieving “Dan-Totsu* in all aspects of our business”, the Bridgestone Group will expand its efficient network of manufacturing facilities, providing customers with the timely delivery of quality, competitive products
| Overview of New Joint Venture Company | ||
| 1. | Location : | Purwakarta, Jawa Barat, Indonesia |
| 2. | Ownership : | Bridgestone Corporation 51% PT Astra Otoparts Tbk 49% |
| 3. | Establishment | August 2015 |
| 4. | Start of operations | Planned for January 2016 |
* Dan-Totsu is the Japanese term for “the absolute and clear leader.”
About Bridgestone Corporation:
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company.
In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods.
Its products are sold in over 150 nations and territories around the world.
