Bridgestone Retail Japan Co. Ltd. has launched Mobox in the Japanese market. Launched on April 1, the passenger car tire subscription service is now available at 353 Cockpit and Taiyakan locations throughout the country. The Mobox service provides customers with tires and maintenance for a monthly fee. Customers can choose between two plans – Standard and Light – with a...
Bridgestone Americas Inc. has completed the process of selling subsidiary Firestone Building Products Co. LLC (FSBP) to LafargeHolcim Ltd. The transaction here saw FSBP valued at $3.4 billion. Based in Nashville, Tennessee, FSBP produces commercial roofing and building envelope products across 15 production bases. The company’s sales revenue for 2020 came to approximately $1.8 billion, and it manages roughly 1,900...
Bridgestone Corp.’s (TYO:5108) Tochigi and Nasu plants are striving to reward participation in the company’s 18th Bridgestone Children’s Eco-Art Contest. With a focus on local elementary schools, each of these plants has selected contest entries to receive special regional awards, giving public recognition to these entries. The Bridgestone Group first held the Bridgestone Children’s Eco-Art Contest in 2003 as one...
Bridgestone Corp. (TYO:5108) is getting ready to close its passenger car tire plant in Bethune, France, by the end of April. Bridgestone started discussing the plant’s potential closure with stakeholders toward the end of last year. These discussions wrapped up on Feb. 26, followed by local authorities approving of the plans on March 16,. Following necessary processes such as job...
Bridgestone Corp. (TYO:5108) is looking to rebuild the earnings power of its core businesses as part of a new medium-term business plan for fiscal 2021–2023. By pursuing restructuring under this medium-term plan, Bridgestone aims to minimize its operating costs, reducing fixed costs by 53 billion yen ($496.66 million). Further, the company is planning over the three-year period to cull approximately...
Bridgestone Corp. (TYO:5108) has published its Mid-Term Business Plan for fiscal 2021–2023. The company here is targeting fiscal 2023 sales revenue of 3.3 trillion yen ($31.1 billion), an adjusted operating profit of 450 billion yen, a net profit of 290 billion yen, a return on invested capital (ROIC) of 10 percent and a return on equity (ROE) of 12 percent....
