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Bridgestone to shut down Hong Kong aircraft tire plant

Japanese tire giant to concentrate operations in Thailand

Bridgestone aims to to cut its number of production sites worldwide by 40% by the end of 2023.   © Reuters

TOKYO -- Japan's leading tire supplier Bridgestone said Monday it will shutter a factory in Hong Kong as part of a restructuring scheme to relocate capacity to Thailand.

The aircraft tire retread plant will close its doors for the last time at the end of June next year. Including sales associates, the location employed 102 as of April 30. The company has not disclosed how the jobs will be affected.

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