The plan is to focus the production of the plant solely on tyres for general use, while increasing the competitiveness of the Bari Plant and reducing its overall conversion cost. The Bari Plant is fully owned by Bridgestone Italia S.p.A., a 100% subsidiary of BSEU.
The agreement to implement the conversion plan was signed today in Rome by all stakeholders involved in the negotiations (Bridgestone, Local Institutions, Ministry of Welfare, Invitalia and Trade Unions), all present for the event under the supervision of the Italian Ministry of the Economic Development. This agreement indicates the possibility to maintain important industrial activities in Bari, under conditions to achieve the targeted levels of productivity and cost through the implementation of the commitments made by the above mentioned parties.
BSEU announced the closure of the Bari Plant on March 4, 2013, however, through the implementation plan, the company will make its utmost effort to succeed in converting the plant, maintaining its industrial activities.
About Bridgestone EMEA (Europe, Middle East and Africa)
Bridgestone EMEA, with headquarters in Brussels, Belgium, is a wholly owned subsidiary of Tokyo-based Bridgestone Corporation, the world’s largest tyre and rubber company. Bridgestone EMEA operates in more than 60 countries and has over 18200 employees. Across the region it has 14 tyre and tyre related plants, a major R&D Centre and a proving ground. Bridgestone EMEA’s premium tyres are sold in Europe, Middle East, Africa and globally.