Bridgestone supports the efforts of Japan University of Economics to accept displaced students and international students from Ukraine, and has decided to provide internships and plant tours for those accepted by the university. The internship period will run from August 29 to September 9 and from January 26 to March 20, for a total of 14 students. In addition, the...
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Japan’s Ministry of Foreign Affairs raised its risk level for Russia – including Moscow – to Level 3 on March 7, constituting a recommendation to stop travel to the country. And against this backdrop, tire manufacturers with local subsidiaries in Russia are now pursuing measures such as pulling locally stationed employees out of the country. Bridgestone is approving special temporary...
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There are concerns that Russia’s invasion of Ukraine could impact the business operations of tire-focused rubber companies. There are two Japanese tire manufacturers who have production bases in Russia: Bridgestone Corp. (TYO:5108) and Yokohama Rubber Co. Ltd. (TYO:5101). Both of these bases operate on a local-production-for-local-consumption approach, focusing on domestic Russian demand. More broadly, tires make up the bulk of...
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