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TOKYO, Oct 20: Japan’s Bridgestone will invest more than $11 billion over five years to boost production as it vies with France’s Michelin for the title of the world’s top tyremaker, a report said on Saturday.
The Japanese group plans to spend 1.3 trillion yen for five years from April 2008, the Nikkei daily said.
The group’s capital spending will increase as it puts new factories into operation in Mexico, Poland and Hungary, while expanding existing plants in India and Indonesia, it said.—AFP
