Bridgestone Corp. (TYO:5108) has announced that group company Bridgestone Diversified Chemical Products Co. Ltd. (BDCP) will be consolidating its plants for advanced chemical products. The move will see BDCP’s nine production bases consolidated down to six. As for the employees of the three plants to be closed, Bridgestone believes that they are highly skilled and experienced, passionate about their jobs...
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Toyoda Gosei Co. Ltd. (TYO:7282) has launched a range of eco-friendly bag products made from airbag fabric, including colored tote bags and colored pen cases. This comes as Toyoda Gosei looks to reduce the environmental impact of its production activities – from material procurement through to disposal – as part of its broader push to achieve SDGs. The company has...
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Bridgestone Corp. (TYO:5108) has announced its intent to withdraw from the conveyor belt business, with plans to completely end its operations here by the end of 2024 after gradually ramping down production and sales. Discussions are moving forward based on the idea that workers in this business will continue to be employed under the Bridgestone Group. The chemical and industrial...
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Toyoda Gosei Co. Ltd. (TYO:7282) has revealed a promising set of business results for the first half of fiscal 2021. Sales revenue here came to 387.36 billion yen ($3.4 billion), up 25.2 percent year-on-year; operating profit to 12.99 billion yen, up 187.8 percent; and net profit to 9.03 billion yen, up 162.6 percent. For Japan specifically, the figures were 195.17...
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Bridgestone Corp. (TYO:5108) has announced plans to consolidate its domestic production bases for automotive seat pads, slimming down from its current four-base setup under domestic subsidiaries Bridgestone Chemitech Co. Ltd. (BSCT) and Bridgestone Diversified Chemical Products Co. Ltd. (BDCP). To achieve this consolidation, Bridgestone intends to close BSCT’s Ageo Plant in Ageo, Saitama Prefecture. Once this plant is closed in...
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Bridgestone Corp.’s (TYO:5108) hose business has shown promising trends with its first-half results for calendar 2021. With demand marking a V-shaped recovery from last year both in Japan and overseas, the company’s business here has managed year-on-year increases in both sales revenue and profit, with the former of these metrics rising by double digits. Domestically, hose demand in OE applications...
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