Bridgestone will donate over the next four years a total of $1 million to the United Nations Road Safety Fund (UNRSF). The company aims to contribute to global road safety activities as road traffic crashes claim 1.35 million lives worldwide each year and are the leading cause of death among young people. More than 90 percent of these occur in...
Bridgestone is set to consolidate part of its aircraft retread tire production facilities in Asia. As part of this move, production in Hong Kong, China will cease at the end of June 2023, and will then be consolidated at Bridgestone Aircraft Tire Manufacturing in Thailand. The Hong Kong subsidiary currently supplies retreaded tires to airlines in Asia and Oceania except...
Bridgestone Corp. (TYO:5108) announced on June 24 that it will be raising its manufacturer’s selling prices for domestic aftermarket tires as of Sept. 1. The change is set to apply to Japanese sales of aftermarket summer and winter tires, as well as tubes and flaps. Prices will rise by 3–8 percent depending on the specific product. In commenting on this...
Bridgestone Corp. (TYO:5108) has announced its business results (IFRS) for the January–March, which include sales revenue of 891.01 billion yen ($6.96 billion), up 22.5 percent year-on-year; adjusted operating profit of 101.1 billion yen, up 19.2 percent; and net profit, including that for discontinued operations, of 53.84 billion yen, down 81.1 percent. Net profit was significantly lower due to a one-time...
Bridgestone Corp. (TYO:5108) group company Bridgestone Americas Inc. announced earlier this month that it has formed an exclusive partnership with LanzaTech NZ Inc., which has proprietary technology for turning CO2 into energy and chemicals. The companies intend to work together on developing innovative technology for the recycling of end-of-life tires. Headquartered in Illinois, LanzaTech captures carbon from waste and uses...
Bridgestone Corp. (TYO:5108) recently announced that it has been selected for inclusion in the FTSE4Good Index Series for the fourth consecutive year. A widely recognized ESG investment index, the FTSE4Good Index Series was developed by FTSE Russell, a major global index provider that operates as part of the London Stock Exchange Group. The index sees large-scale companies around the world...
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