In view of the debt crisis of the European market and the weak market demand in China, Bridgestone Tyre company will continue production in the second half of this year.
Bridgestone Tire Company, said: “As the European market demand for lower-than-expected second quarter of this year we have cut capacity and, if necessary, we will continue to cut production in the third quarter and fourth quarter.”
Bridgestone also worried about the situation of the European market will spill over into other markets. Last year, the European market revenues account for 14% of the Bridgestone’s total operating income, and Japan accounted for 23%.
Bridgestone is expected this year’s net profit grew 63 percent to 168 billion yen.
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