Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya stated that the company has not ruled out buying more companies in the same industry. However, he added that although money makes an acquisition itself possible, the important thing is that a lack of strategic value, such as synergies coming after integration, complicates matters. Tsuya went on to say that...
Bridgestone Corp. CEO and chairman of the board Masaaki Tsuya recently commented on the two M&A deals the tire manufacturer announced in October. Tsuya said that Bridgestone has not ruled out buying more tire manufacturers or other companies in the same industry. He went on to say that the three big acquisitions in the company’s history have been Firestone Tire...
There is growing cause for concern over the outlook for Japanese manufacturers of rubber auto parts. The Chinese economy is now in a clear slowdown, while uncertainty lingers over developing economies in Southeast Asia and South America. Manufacturers have increased overseas sales over the past few years. This growth has primarily been in China and elsewhere in Asia, as well...
Sales of studless winter tires in Japan have been brisk for the past few years thanks to the snowfall. According to Japan Automobile Tyre Manufacturers Association (JATMA), 25.96 million snow tires were sold in Japan in 2014, marking a year-on-year increase of 4.0 percent. Studless tires accounted for 99.8 percent of all snow tire sales: 25.92 million units sold, up...
Production volume for synthetic rubber in Japan from January to September 2015 was 1.24 million tons, a more than 2 percent year-on-year increase, according to the Synthetic Rubber Industry Association of Japan. This was despite output by manufacturers in synthetic rubber customer industries such as automotive and tires was sluggish. Performance at synthetic rubber companies for the first half of...
Bridgestone Corp. is the first company in the world to successfully commercialize a technology that identifies road conditions from a tire. The proprietary technology is called Contact Area Information Sensing (CAIS). It collects data on the tire surface that comes into contact with the road and analyzes that data to understand the road and the tire’s condition. Through real-time analysis...
