Bridgestone to Begin Production of Hydraulic Hoses in Changzhou, ChinaNew production plant will respond to robust demand in the Chinese Market

Tokyo (June 1, 2011)– Bridgestone Corporation announced today that its subsidiary, Changzhou Bridgestone Flowtech Co., Ltd. (CBF), is building a new production plant in China for the hose portion of hydraulic hoses. CBF manufactures components of hydraulic hoses and conducts swaging, one step in the assembly process. Production at the new plant is scheduled to begin in October 2012. The total investment will be 320 million Chinese yuans (approximately \4.6 billion), and the plant will have a monthly production capacity of 430,000 meters of the hose portion when its up to full capacity.

Demand for construction equipment and replacement hydraulic hoses in the Chinese Market is expected to increase in the medium to long-term. In order to better respond to local market demand, the Bridgestone Group has been studying the production of the hose portion of hydraulic hoses in China. Upon receiving approval from the Chinese government, the Group formally decided to begin production.

While strengthening its ability to supply hoses to the Chinese market to meet the anticipated high levels of growth, the Bridgestone Group will develop systems to enable it to more quickly supply superior quality products to the market.

Hydraulic hoses

An outline of the CBF is as follows.
  1. Location: Changzhou, Jiangsu China (Approximately 160 km west of Shanghai)
  2. Company name: Changzhou Bridgestone Flowtech Co., Ltd.
  3. Representative: Kunihiro Tanaka
  4. Ownership: Bridgestone Corporation 100% (Indirect investments)
  5. Date of establishment: August 2000
  6. Site area: 16,330 m²
  7. Business outline: Swaging of hydraulic hoses and manufacturing of components for the head portion of hydraulic hoses
  8. Number employees: 271 (As of December 31, 2010)

An outline of the new plant is as follows.
  1. Location: Changzhou, Jiangsu China (Approximately 160 km west of Shanghai)
  2. Site area: Approximately 70,000 m²
  3. Product: Hose portion of hydraulic hoses
  4. Production capacity: 430,000 m per month
  5. Start of operation: October 2012 (Scheduled)

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.