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Bridgestone plant in Ulyanovsk launched commercial production of tires

17.01.2017 During the visit to Japan, the Governor Sergey Morozov and the managemen

t of the company discussed the preparations necessary for the opening of the plant and comprehensive implementation of the project. The meeting took place in Tokyo on 15 December.

The Japanese side was represented by the Chief Operating Officer of Bridgestone Corporation Mr. Nishigai, the Vice-President of Bridgestone Corporation Mr. Ito, the Head of International Business Administration Department Mr. Fukudzumi and the CEO of Bridgestone Tire Manufacturing C.I.S. Hiromi Tanigawa. The Russian side was represented by the Governor Sergey Morozov and the Prime Minister of the Ulyanovsk region Alexander Smekalin.

"We are happy to cooperate with one of the industry's leaders - the Bridgestone company. We know how difficult it is to earn Japanese partners' trust. This proves that we are both on the right track and at the forefront: a unique plant of the company, which is also the Russia's first one, was constructed in the Ulyanovsk region. Today, about five hundred employees are working here, they are provided with high salaries and interesting jobs. I am sure that the set pace of development and the collaboration with partners from Bridgestone will yield great results for economy and social wellbeing of the whole region", - Sergey Morozov noted.

The parties discussed the prospects of project implementation and expansion of main markets. For example, it is planned to sell Bridgestone products, which will be made at the Ulyanovsk plant, inside and outside Russia, as well as to supply it to Russian plants of foreign car manufacturers.

The construction of the first and only Bridgestone plant in Russia was completed in September 2016 in Ulyanovsk within the territory of Zavolzhye industrial zone and 12.5 billion rubles were invested in it. In December 2016, the enterprise officially launched the production. The Ulyanovsk plant will manufacture up to 2 million tires a year. In the future, this indicator is expected to double and the number of employees will increase up to 800.

As a reference:
Bridgestone Corporation is the world's leading manufacturer of tires. It was founded in Japan in 1931. For more than 75 years of the existence, the company has developed from family business into a multi-national corporation.
Bridgestone Corporation is the world's leader on production of tires. It was founded in Japan in 1931. For more than 75 years of its existence, the company has developed from a small family enterprise to a multi-national corporation. Bridgestone business for 80% consists of manufacturing and sale of tires for cars, trucks, buses, commercial carriers, planes, motorcycles, agricultural, extracting and construction equipment. Other 20% include production and implementation of conveyer bands, hoses, car seats, insulating rubber goods and sports accessories. The company owns 155 enterprises and 4 technology centers in 27 countries of the world. Tires are tested at nine proving grounds of Bridgestone Corporation, which were built in 7 countries specifically for this purpose.
Bridgestone Corporation together with its strategic partner Mitsubishi Corporation is building its first in Russia and CIS plant on production of auto tires in the Ulyanovsk region. Products are planned to be sold at the all-Russian market.

Additional information:

Tatiana Fadeeva,
Ph.D., Head of Public Relations Department
Ulyanovsk Region Development Corporation, JSC
Phone: +7 (8422) 73 70 01, ext. 118