Bridgestone will increase production capacity at its Bahia plant, which produces passenger car and light truck tires in Brazil. To this end, the company will invest approximately 270 million Brazilian reais ($53 million). When combined with the investment amount already announced for a production capacity expansion on July 1, 2021, the total investment amount will be around 970 million Brazilian...
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The Brazilian arm of Bridgestone Corp. (TYO:5108) has announced plans to bolster production of passenger car and light truck tires at a plant it runs in the state of Bahia. Investment into the expansion here is set to total approximately 700 million Brazilian real ($138.57 million), with construction work to begin in the fourth quarter of 2021. The project will...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has finished constructing new facilities for truck and bus (TB) tire production at its Brazil Factory, with operations here having launched on March 1. The move comes in an effort to provide more stable supply of TB tires in the Brazilian market while also avoiding risks posed by foreign exchange rates....
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Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that it intends to make an additional investment of 153 million Brazilian reals ($37.38 million) in response to growing Brazilian demand for truck and bus tires. The investment will go toward boosting production capacity at the company’s Brazil Factory, which is set to begin production of truck and bus tires next March. Initial...
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Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...
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