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...
philippines
Yokohama Rubber Expects to Resume Full Operations at Filipino Tire Plant by End of 2020
Yokohama Rubber Co. Ltd. (TYO:5101) is planning for Yokohama Tire Philippines Inc. (YTPI), its manufacturing subsidiary in the Philippines, to return to full production capacity by the end of 2020. This follows a fire that occurred at YTPI on May 14, 2017, affecting approximately 17,400 square meters in the northeast sector of the subsidiary’s East Plant. The plant’s buildings and...
Yokohama Rubber President Discloses Details on Fire Damage at Philippine Factory
Yokohama Rubber Co. Ltd.’s (TYO:5101) President Masataka Yamaishi recently disclosed details regarding the fire that occurred at the company’s main overseas factory in the Philippines. According to Yamaishi, the fire started at around 3 p.m. local time on May 14 and was put out around 11 p.m. It affected approximately 17,400 square meters in the northeast area of the east...
Tosoh Looks to Double PVC Capacities, Shore up Supply in Philippines
Tosoh Corp. (TYO:4042) has announced plans to expand production capacity of polyvinyl chloride (PVC) at local affiliate Philippine Resins Industries Inc. (PRII). Tosoh will be investing approximating 4.2 billion yen ($37.05 million) to take annual production capacity from its current level of 100,000 tons up to 210,000 tons. Construction is slated to start in February this year and conclude in...