conveyor belt business

Bridgestone to Withdraw From Conveyor Belt Business

Bridgestone Corp. (TYO:5108) has announced its intent to withdraw from the conveyor belt business, with plans to completely end its operations here by the end of 2024 after gradually ramping down production and sales. Discussions are moving forward based on the idea that workers in this business will continue to be employed under the Bridgestone Group. The chemical and industrial...

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Yokohama Rubber Aims to Boost Global Sales of Conveyor Belts

The domestic revenue for the conveyor belt business of Yokohama Rubber Co. Ltd. (TYO:5101) moved almost sideways last year from the prior year. Meanwhile, the global sales for the segment fell, pushed down by a decline in global commodity prices. Although the segment’s domestic sales volume slightly increased, the profit was squeezed by price competition. While the demand for steelmakers,...

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