Tokai Cobex Savoie SAS, a French subsidiary of carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301), has been selected to receive a grant from the French government as part of its national recovery and resilience plan (NRRP). As part of the NRRP – an initiative designed to help France recover from the impact of COVID-19 – the French government issued...
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...
Bridgestone Europe NV/SA has started discussions with stakeholders with the aim of closing its Bethune plant in France. The plant is currently used to manufacture passenger car tires. This comes as the Bethune plant finds itself in an increasingly difficult competitive environment. Business profitability in the European passenger car tire market has fallen in recent years; then there is the...
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