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...
Bando Chemical Industries Ltd. (TYO:5195) is moving this year to close and liquidate Bando (Shanghai) Industry Equipment Element Co. Ltd., a group company that carries out conveyor belt production and related production for the Chinese market. However, Bando Chemical still sees the Chinese conveyor belt sector as offering a promising market going forward. The company will therefore look to have...
Continental AG and Chinese hydrogen specialist Censtar H2-Electricity Science & Technology are set to deepen their strategic partnership in the Chinese market. Both companies have now formally agreed to work together on developing dispensing hose solutions for hydrogen refueling stations, with the aim going forward of advancing mobility to help get society closer to carbon neutrality. Safe and efficient hydrogen...
Bridgestone Corp. (TYO:5108) announced on June 15 that it will be selling off all of its shares in Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. (BSRC), a Chinese group company that manufactures and sells synthetic rubber for use in automotive tires. These shares will be sold to LCY Chemical Corp., which runs global operations for materials and chemicals. Located in Huizhou,...
Mitsui Chemicals Inc. (TYO:4183) has posted its results for fiscal 2020. The company recorded 1.21 trillion yen ($11.09 billion) in sales revenue for the year, down 10.2 percent year-on-year; 85.14 billion yen in core operating income, up 17.7 percent; and 57.87 billion yen in net income, up 70.4 percent. This marks a new record high for the company’s core operating...
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