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Cheaper Raw Materials Help Tire Manufacturers Increase Profit (Part 1)

on November 19, 2015 in Market Background, Tires

In the first three quarters of 2015 (January–September), consolidated financial results for four Japanese tire manufacturers—Bridgestone Corp., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire & Rubber Co. Ltd.—showed large gains in operating income thanks to low prices for crude oil, natural rubber and synthetic rubber. The lower raw material prices translated into gains for Bridgestone of...

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Bridgestone Americas Acquires TireConnect

on November 17, 2015 in Tires

Bridgestone Corp. announced on Oct. 30, 2015 that group company Bridgestone Americas Inc. (BSA) would acquire TireConnect Systems. Announced by BSA on Oct. 22, the deal provides BSA with TireConnect Systems, a software company that supports tire dealers and distributors in North America (primarily Canada) with a tire Internet sales tool featuring e-commerce capabilities. Bridgestone, the world’s largest tire manufacturer,...

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Bridgestone to Acquire Pep Boys

on November 11, 2015 in Tires

Bridgestone Retail Operations LLC (BSRO), a wholly owned subsidiary of Bridgestone Corp., will acquire The Pep Boys – Manny, Moe & Jack, one of America’s leading automotive aftermarket chains, in an all-cash transaction, purchasing all outstanding shares at approximately $835 million in aggregate equity value. Bridgestone’s biggest acquisition to date was the $2.6 billion purchase in 1988 of The Firestone...

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Low Rise Buildings Japan

Bridgestone Develops Seismic Isolation Rubber for Low-Rise Buildings

on November 3, 2015 in Innovation, Materials

Bridgestone Corp. has announced the recent development of the X3R Series, its seismic isolation rubber for low-rise buildings. The company has already developed a super-large seismic isolation rubber for ultra-high-rise buildings, and sells a full assortment of types, including seismic isolation rubber for low-rise, mid-rise, high-rise, and ultra-high rise. In earthquake-prone Japan, the company’s products help mitigate earthquake damage. The...

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