Bridgestone is considering restructuring its global manufacturing footprint – the group’s core business , and which includes tyre, diversified product, and material manufacturing sites, over the mid-long medium term to secure its earning power, and is looking to strengthen its truck and bus radial tyre manufacturing footprints in China, according to the company. This project is part of the company’s Mid-Term Business Plan (2021-2023), which will allow it to increase strategic growth investment.
In line of this initiative is the closure of the BSHZ and consolidate production of truck and bus tyre into BSSY. The Bridgestone Group said that it will also reinforce its portfolio management in line with the changing business environment, to evolve to a sustainable solutions company which aims to continuously provide social value and customer value. Bridgestone expects the impact on its consolidated financial results for 2021 to be minor.