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Bridgestone to build tyre plant in Thailand

TOKYO, Nov 26 (Reuters) - Bridgestone Corp , Japan's largest tyremaker, said on Tuesday it planned to build another tyre plant in Thailand, a move that would help meet growing Asian demand.

Bridgestone said it would announce further details on the new plant later on Tuesday morning. An earlier report in the daily Nihon Keizai Shimbun said the tyremaker would spend about 17 billion yen ($139.3 million) to build its third factory in Thailand and first new industrial tyre plant since 1990.

The paper said production at the plant, located in Chonburi, would be launched by September 2004 with an expected annual output of 900,000 units for trucks and buses. ($1=122.06 yen)