TOKYO (September 23, 2016) - Bridgestone Corporation (Bridgestone) today announced that subsidiary PT. Bridgestone Astra Indonesia (BSAI) held a grand opening ceremony for its new manufacturing plant in Purwakarta, Jawa Barat, Indonesia.
BSAI was established in August 2015 as a joint venture between Bridgestone and PT Astra Otoparts Tbk (Astra Otoparts). Its new plant manufactures anti-vibration rubber products that are fitted on an automobile's engine and suspension. These products contribute to reducing vehicular sound and increasing riding comfort by controlling noise and vibration. Currently, BSAI supplies completed vehicle manufacturers in Indonesia, with considering exporting throughout the ASEAN region in the future.
With the addition of the BSAI manufacturing plant, the Bridgestone Group now has eight facilities in six countries for the manufacturing of anti-vibration rubber products for automobiles, further establishing its competitive position in the anti-vibration rubber products industry for automobiles in Indonesia. The BSAI plant will allow Bridgestone to expand production lines and improve product quality in Indonesia. In addition, the new Indonesia plant will afford Bridgestone the opportunity in introduce new technologies, and leverage both its global network for raw material procurement and Astra Otoparts' Indonesian supply chain.
This expansion of manufacturing facilities in the industry of anti-vibration rubber products for automobiles helps Bridgestone accomplish its management goals of "becoming a truly global company" and achieving "Dan-Totsu (Japanese term for the absolute and clear leader) in all aspects of our business." The Bridgestone Group will continue to expand its efficient network of manufacturing facilities, providing customers with the timely delivery of quality, competitive products.
[Overview of BSAI]
|1. Company name
||: PT. Bridgestone Astra Indonesia
||: Purwakarta, Jawa Barat, Indonesia
||: Takeshi Noguchi
||: August 6, 2015
|5. Start of production
||: Planned for September 2016
|6. Amount of investment
||: 174.0 billion Rupiah (roughly 1.4 billion JPY or 13.2 million USD*)
||: Bridgestone Corporation, 51%; PT Astra Otoparts Tbk, 49%
||: 90 (December 31, 2016 projection)
|9. Business description
||: Manufacturer of anti-vibration rubber products for automobiles
* Calculated at 1IDR=0.0081JPY; 13,177.50IDR=1USD
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.
PT. Bridgestone Astra Indonesia (BSAI):
BSAI is a manufacturer of anti-vibration rubber products for automobiles that was formed as part of the joint venture between Bridgestone and PT Astra Otoparts Tbk (Astra Otoparts), which manufactures and sells automotive parts in Indonesia. The company is located in Purwakarta, Jawa Barat and represents a total investment of approximately 174.0 billion Rupiah (roughly 1.4 billion JPY or 13.2 million USD).