Bridgestone ACC starts operations

MUMBAI, July 25: Bridgestone ACC India Ltd (BAIL), a joint venture between $ 18 billion Bridgestone Corporation of Japan and Rs 2,500 crore Associated Cement Companies Ltd (ACC), has launched the Bridgestone steel belted radial tyres in the metropolis today.

BAIL has introduced Bridgestone `S’ series (S248 and S322) and Potenza RE 88 for passenger car segment and the Dueler D689 for multi-utility vehicles.

The company has set up its state-of-the-art manufacturing facilities in Kheda, near Indore, with a capacity to produce 20 lakh steel-belted radial tyres at an investment of Rs 345 crore. Bridgestone has an equity participation of 64 per cent in the joint venture while ACC has 19 per cent, Telco seven per cent and Mitsui 10 per cent.