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...
Bridgestone Corp. (TYO:5108) is gearing up for the launch of the Blizzak VRX3, a new tire under its Blizzak brand of studless winter tires for passenger cars. Slated for a sequential rollout starting Sept. 1, the tire will be available in a total of 111 sizes, spanning kei cars through to compact cars, sedans and minivans. The VRX3 makes use...
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...
