tire production

Bridgestone to Invest 10.2B Yen Into Upgrading Flagship Plant for Mining and Construction Tires

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...

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Bridgestone Set to Close Bethune Tire Plant at End of April

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...

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Toyo Tires Set to End Tire Production at Malaysian Silverstone Plant in June

Toyo Tire Corp. (TYO:5105) is looking to cease tire production this June at its Silverstone Bhd. (SSM) plant in Perak, Malaysia. The plant will then be liquidated and shuttered by Dec. 31 following the completion of liquidation procedures. SSM primarily supplies Malaysian automakers with OE tires – and the market with commercial tires – under the Silverstone brand. It also...

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Toyo Tires to Close Silverstone Plant in Malaysia by End of Year

Toyo Tire Corp. (TYO:5105) is looking to cease tire production this June at its Silverstone Bhd. (SSM) plant in Perak, Malaysia. The plant will then be liquidated and shuttered by Dec. 31. SSM primarily supplies Malaysian automakers with OE tires – and the market with commercial tires – under the Silverstone brand. It also produces a number of Toyo Tires-branded...

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Bridgestone Moves to Close Port Elizabeth Plant in South Africa

Bridgestone Corp. (TYO:5108) recently announced that it has proposed the closure of the Port Elizabeth plant operated by group company Bridgestone South Africa Pty. Ltd. (BSAF), and that it has begun discussions with relevant parties. Launched in 1936, the Port Elizabeth plant serves to manufacture bias tires. But with global tire demand shifting away from bias tires and toward radial...

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Toyo Tires Resumes Normal Operations at Sendai Plant

Toyo Tire Corp. (TYO:5105) has resumed regular operations at its Sendai Plant in Iwanuma, Miyagi Prefecture, getting back to normal here on April 10 as planned. Toyo Tires had previously been limiting the Sendai Plant’s production in an effort to deal with the global tire demand slump brought about by COVID-19. This saw the plant’s production reduced over April 3–9...

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