Bridgestone Americas Inc. announced on June 16 that it has made a minority investment in Kodiak Robotics Inc., a U.S. company engaged in developing self-driving technology for long-haul trucks. Kodiak currently provides customers in Texas with long-haul truck services based on Level 4 self-driving technology, which allows for an advanced level of automation while retaining a safety driver on board....
Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...
Bridgestone Americas Inc. has announced that subsidiary Firestone Industrial Products LLC (FSIP) is set to boost its production capacity for air springs at a plant in Williamsburg, Kentucky. Total investment in this expansion is slated to come to $51 million, with construction to begin in the second quarter of this year and wrap up by the end of 2022. The...
Bridgestone Corp. (TYO:5108) and the Bridgestone Group have had seven plants receive a Platinum Level rating under Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP) for 2020. This is the highest supplier rating provided by the U.S.-based manufacturer of construction and mining equipment. Four of the seven Bridgestone plants to receive this rating manufacture tires for construction equipment, including the Santo...
Bridgestone Corp. (TYO:5108) is looking to improve a range of facilities at its Shimonoseki Plant, the company’s flagship production base for mining and construction vehicle tires. The investment here is set to total 10.2 billion yen ($93.64 million), with construction slated to begin in 2022 and be completed by the end of 2025. This project comes as part of Bridgestone’s...
Sales revenue from Bridgestone Corp.’s (TYO:5108) domestic conveyor belt business fell slightly year-on-year for the first half of calendar 2020, the company has revealed. While conveyor belt sales to the iron and steel industry were largely unchanged from the previous year, those to more general users were down due to customers putting plans on hold amid COVID-19, causing the business’s...
