Bridgestone Corporation (Bridgestone) has announced that it is consolidating its tyre manufacturing operations in Thailand. With this, it has ceased tyre manufacturing operations at the Rangsit plant of Thai Bridgestone Co (TBSC) as part of its efforts to “rebuild earning power” in the mid-term business plan (2021-2023).
The Rangsit plant in Pathum Thani Province was established in 1967. It has 1,070 employees (as of 30 September 2023) and a production capacity of around 2,280 passenger radial tyres/day (as of the end of 2021); as well as 2,100 truck and bus radial tyres/day (as of the end of 2022).
It has consolidated the truck/bus radial tyre production operations into its manufacturing site in Chonburi and the passenger radial tyres production into its manufacturing plant in Nong Khae.
Bridgestone says it has thoroughly and comprehensively considered various factors, including the impact on local communities, and has examined the optimal supply structure to secure a competitive advantage.
Consequently, the company has made the decision to cease its tyre manufacturing operations at the Rangsit plant and consolidate production at other sites.
To minimise the impact on the employees and local communities affected by the cessation of tyre manufacturing operations at the Rangsit plant, the company is taking appropriate measures in accordance with local laws and regulations, as well as labour agreements.