Japanese tyre giant Bridgestone has entered a joint venture (JV) with Indonesian automotive parts firm Astra Otoparts to manufacture anti-vibration rubber products for automobiles. Bridgestone has invested $13 million in the JV and its operations will commence from January 2016.
The agreement between the two firms was signed recently by Yasuhiro Suzuki, director of Bridgestone’s Diversified Original Equipment Division, and Hamdhani Dzulkarnaen Salim and Djangkep Budhi Santoso, president director and director of Astra Otoparts.
Bridgestone will hold a 51 per cent stake in the operation of the company will be located in Purwakarta, West Java, Indonesia. The facility will produce engine mountings, body mountings and suspension parts for four-wheel vehicles. Bridgestone states that the new facility will be the the seventh anti-vibration rubber plant for the the Japanese in among its other plants across five countries. The new facility in Indonesia will help Bridgestone expand its global production, especially in the the ASEAN region.
Besides from this, Astra Otoparts, the Indonesian automotive component, has also partnered up with Pirelli to set up a motorcycle tyre factory in the region.