Bridgestone Bandag, retread unit of Bridgestone tire, completed the construction of Dae Young-Bandag, a franchise production facility of retreads, in Suncheon, South Jeolla Province.

Dae Young Industry Co., a local Korean company, invested about KRW800 million and Bridgestone Bandag provides raw materials and transfer technology.

The factory has the daily production capacity of 22 to 88 retread tires for trucks and buses.

Bridgestone Bandag aims to develop Dae Young-Bandag into a sales and production hub in Jeolla province.

Dae Young-Bandag is the fifth production facility of Bridgestone Bandag in Korea.

Source: Yonhap News (June 27, 2011)