Bridgestone is set to consolidate part of its aircraft retread tire production facilities in Asia. As part of this move, production in Hong Kong, China will cease at the end of June 2023, and will then be consolidated at Bridgestone Aircraft Tire Manufacturing in Thailand. The Hong Kong subsidiary currently supplies retreaded tires to airlines in Asia and Oceania except...
Toyota Group company Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will establish a new plant in Guangdong, China, to bolster its production of airbags and steering wheels, which are major products for the manufacturer. The new plant will be established as a branch plant of subsidiary Toyoda Gosei (Foshan) Auto Parts Co. Ltd. With investment set to total...
Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to introduce its Dunlop e. Sport Maxx – the company’s first aftermarket tire for electric vehicles (EVs) – to the Chinese market, where demand for EVs is booming. The e. Sport Maxx is slated for an early launch in China this April. Then in 2023, Sumitomo Rubber is planning a European launch for...
Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
Bridgestone Corp. (TYO:5108) has announced that it is set to consolidate its production bases for truck and bus radial tires in China. Under its 2021–2023 medium-term business plan, Bridgestone is striving to rebuild its earning power by pursuing global restructuring efforts over the medium–long term for all of its operations, including tires, diversified products and material manufacturing. This latest decision...
Bridgestone Corp. (TYO:5108) has announced plans to restructure production activities at its Iwata Plant, one of several Diversified Products plants the company has in Japan. Coming as part of the global expense and cost structure review established under Bridgestone’s 2021–2023 medium-term management plan, this initiative will see production of precision components for office equipment relocated from the Iwata Plant to...
