The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
800 jobs Number of planned job creations
Announcement Date
10 May 2005
Employment effect (start)
1 July 2006
Foreseen end date
Description
Bridgestone, one of the world's largest manufacturers of tyres and other rubber products announced that its wholly owned subsidiary Bridgestone Europe will build a tyre plant in Tatabánya, Hungary. Construction of the new plant will begin in 2006, according to the announcement, with production to get under way in 2008. The company has earmarked €190 million for investment in the project. When the Hungarian plant begins operation, the Bridgestone Group will have 51 tyre plants in 24 nations. The Hungarian plant will be the second tyre plant in central Europe for the Bridgestone Group, which produces tyres in Poznan, Poland.
Eurofound (2005), Bridgestone, Business expansion in Hungary, factsheet number 61551, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61551.
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