Bridgestone Corp. is investing $600 million to boost its global OTR tire production by more than 20%, Shawn Rasey, executive director of North American sales and marketing, Bridgestone Firestone Off-Road Tire Co., told attendees earlier today, Feb. 23, at the 2007 Tire Industry Association Off-the-Road Tire Conference.
The investment includes construction of a new OTR tire plant in Hibikinada, Japan. (Bridgestone has two other OTR tire manufacturing facilities in Japan.)
Rasey delivered the keynote address at the OTR Tire Conference, which ends on Saturday, Feb. 24.
"I don't see supply for giant OTR tires stablizing until 2011 or 2012," he said.