Bridgestone Corp. (TYO:5108) is looking to increase its Japanese production capacity for premium passenger car tires. Plans here will see the company carry out improvements at four of its passenger car tire plants: namely, those in Tochigi, Hikone, Hofu and Tosu. Total investment here is slated to come to around 8.2 billion yen ($71.1 million), with construction beginning in the...
Bridgestone Corp. (TYO:5108) is set to raise its manufacturer’s selling prices on aftermarket tires, tubes and flaps sold in Japan. Set to come into effect on April 1, the change will see prices rise by 7 percent on summer and winter tires for passenger cars and vans; 7 percent on summer and winter tires for light trucks and buses; 8...
Bridgestone Corp. (TYO:5108) recently announced that Turkish affiliate Brisa Bridgestone Sabanci Tyre Manufacturing and Trading Inc. has formed an agreement to acquire an 88.89 percent stake in Arvento Mobile Systems, a digital fleet solutions provider that offers fleet management services to customers in the likes of Turkey and the Middle East. The base price for this acquisition has been set...
Bridgestone Corp. (TYO:5108) recently held its 11th Bridgestone Group Total Quality Management (TQM) Conference, serving to highlight various examples of innovative activities that local group members have taken to improve their operations. This conference provides an opportunity for the Bridgestone Group – which touts the mission of “Serving Society with Superior Quality” – to share examples of innovative improvement activities...
Bridgestone Mining Solutions Australia Pty. Ltd., a group company of Bridgestone Corp. (TYO:5108), has acquired Otraco International Pty. Ltd., an Australian provider of off-road tire solutions for mining equipment. Valued at AU$79 million ($56.62 million), the acquisition from Downer EDI Ltd. was completed on Dec. 1 following regulatory approvals and the fulfillment of other such requirements. Otraco has skilled tire...
Bridgestone Corp. (TYO:5108) has announced that it is set to consolidate its production bases for truck and bus radial tires in China. Under its 2021–2023 medium-term business plan, Bridgestone is striving to rebuild its earning power by pursuing global restructuring efforts over the medium–long term for all of its operations, including tires, diversified products and material manufacturing. This latest decision...
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