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...
Bridgestone Corp. (TYO:5108) recently announced that subsidiary Bridgestone EMIA has formed a long-term partnership with electric vehicle (EV) charging solutions company EVBox Group and its partner TSG Group. The companies will work to expand Europe’s EV charging infrastructure by utilizing the Bridgestone Group’s retail and service network. Established in 2010, EVBox is a leading provider of EV charging solutions, with...
Bridgestone Corp. (TYO:5108) has completed its acquisition of Azuga Holdings Inc., a U.S.-based provider of fleet management solutions. The tire manufacturer has already received regulatory approval and carried out the relevant proceedings for this deal. Azuga has been valued here at $391 million, with adjustments then being made based on its working capital and the like to get the total...
Bridgestone Corp. (TYO:5108) recently announced that it is supplying its Ecopia R680 tires as OE for the Nissan NV200 Vanette. The NV200 Vanette finds use across a wide range of fields, including business, daily use and leisure, and is well regarded for the convenience it offers. Focused on providing next-level sustainability and mobility, the Ecopia R680 is positioned by Bridgestone...
Bridgestone Corp. (TYO:5108) has announced plans to restructure production activities at its Iwata Plant, one of several Diversified Products plants the company has in Japan. Coming as part of the global expense and cost structure review established under Bridgestone’s 2021–2023 medium-term management plan, this initiative will see production of precision components for office equipment relocated from the Iwata Plant to...
Bridgestone Corp. (TYO:5108) is moving forward with a suite of efforts to reduce its CO2 emissions while also pursuing a circular economy throughout entire life cycles and value chains. This comes as part of a broader effort to achieve Milestone 2030, the company’s set of medium-term environmental targets for 2030. As its main target for CO2 emissions, Bridgestone aims to...
