Sumitomo Chemical Co. Ltd. (TYO:4005) is ceasing operations at its ethylene propylene diene monomer (EPDM) production plant in Sodegaura, Chiba Prefecture, with plans to complete its sale by the end of March 2023. Sumitomo Chemical has been making efforts to boost the competitiveness of its operations here by increasing added value and cutting costs. More than 50 years after it...
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...
Toyo Tire Corp. (TYO:5105) is looking to cease tire production this June at its Silverstone Bhd. (SSM) plant in Perak, Malaysia. The plant will then be liquidated and shuttered by Dec. 31. SSM primarily supplies Malaysian automakers with OE tires – and the market with commercial tires – under the Silverstone brand. It also produces a number of Toyo Tires-branded...
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