Bridgestone Corp. (TYO:5108) has announced that group company Bridgestone Diversified Chemical Products Co. Ltd. (BDCP) will be consolidating its plants for advanced chemical products. The move will see BDCP’s nine production bases consolidated down to six. As for the employees of the three plants to be closed, Bridgestone believes that they are highly skilled and experienced, passionate about their jobs...
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Bridgestone Corp. (TYO:5108) has announced plans to consolidate its domestic production bases for automotive seat pads, slimming down from its current four-base setup under domestic subsidiaries Bridgestone Chemitech Co. Ltd. (BSCT) and Bridgestone Diversified Chemical Products Co. Ltd. (BDCP). To achieve this consolidation, Bridgestone intends to close BSCT’s Ageo Plant in Ageo, Saitama Prefecture. Once this plant is closed in...
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Denka Co. Ltd. (TYO:4061), a manufacturer of products including chloroprene rubber, has recently announced that it will raise its stake in CRK Co. Ltd. from 53 percent to 100 percent. CRK is engaged in the manufacturing, processing and sale of industrial rubber products. The move is intended to strengthen synergies between Denka’s materials development and CRK’s product development, as well...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that effective Jan. 1, 2018, it will consolidate the Sumitomo Rubber Group’s sports business by merging Dunlop Sports Co. Ltd. (TYO:7825), a sports business subsidiary, and Dunlop International Co. Ltd., the Group’s overseas Dunlop-brand sporting goods and licensing company. By consolidating its sports business, Sumitomo Rubber is looking to leverage the company’s management...
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