Brisa Bridgestone Sabancıto Evaluate Passenger Car Tire Plant Investment Opportunities in Turkey

Sep, 19 2013


Another milestone reached in a long racing tradition.

Bridgestone Corporation announced that Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.Ş. (Brisa), Bridgestone’s affiliated company, is evaluating the future investment of a new passenger car radial tire plant in Turkey. In addition to the company’s existing tire plant in İzmit which manufactures passenger car radial tires,truck and bus radial tires etc., the new plant would be the company’s second manufacturing facility in Turkey. As part of the evaluation process, Brisa will begin evaluating potential sites for the plant.

Turkey has a high rate of growth in GDP, and a sound demographic composition (population of approximately 75 million/average age of 28.8 years). Additionally, tire demand in Turkey is expected to grow in the future. Brisawas established in 1988 as a joint venture with Sabancı Holding, Turkey’s leading industrial and financial conglomerate. Over the past 25 years, Brisa has implemented a number of business activities closely linked to the market in Turkey. Moving forward, Brisa will continue to build a manufacturing and distribution system that will deliver products to our customers in a more efficient and timely manner.

  1. Company name: Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.Ş.
  2. Establishment: 1988
  3. Location: Istanbul, Turkey
  4. Representative: Hakan Bayman(CEO)
  5. Capital: 305,116,875 Turkish lira (As of the end of December 2012). Listed on the Istanbul Stock Exchange
  6. Ownership: Bridgestone Corporation 43.63%, Hacı Ömer Sabancı Holding A.Ş.43.63%, Others12.74%
  7. Net sales: US$794,000,000 (January to December, 2012)
  8. Operating income: US$78,000,000 (January to December, 2012)
  9. Number of employees: 1,745employees (As of the end of December 2012)