Tyre firm Bridgestone EMEA (Bridgestone), technology company Grupo BB&G (BB&G) and Italian chemical firm Versalis (Eni) have entered into an agreement aimed at establishing a closed-loop ecosystem to transform end-of-life tyres into new tyres. The agreement will bring together the…
Tag: bridgestone
Bridgestone to go on cost cutting measures amid lower sales
Japan’s Bridgestone Corporation during its latest earnings call, detailed its strategy to navigate current market challenges and outlined its financial performance for the second quarter of fiscal 2024. The company reported an increase in revenue but a decrease in adjusted…
Bridgestone to invest in mining tyre plant in Japan
Japan’s Bridgestone Corporation says that it will invest ¥25 billion to upgrade equipment for certain facilities at the Kitakyushu Plant, which produces tyres for mining and construction vehicles. This upgrade will be completed by the end of 2027. This strategic…
JAL/Bridgestone expand tyre wear tech to jet aircraft
Japan Airlines Co and Bridgestone Corporation have expanded the application of tyre wear prediction technology to implement scheduled tyre replacement operations for large jet aircraft, including the Airbus A350-900, which has been operated by JAL since May 2024. Aircraft tyres…
Bridgestone to lay off workers at US farm tyre plant
Against the back of the biggest fall in farm income in the US in two decades, tyre maker Bridgestone-Firestone has announced layoffs at its Des Moines, Iowa, plant, where most of the company’s tractor tyres are produced. It declined to…
Bridgestone to invest EUR200 mn in Spanish tyre plant
Tyre maker Bridgestone EMEA has announced a historic investment of up to EUR207 million in its Burgos passenger tyre manufacturing site in Spain, one of its largest to date in Europe. The investment aims to raise tyre manufacturing at the…
Bridgestone to withdraw from commercial tyre business in China
Japanese tyre maker Bridgestone Corporation says it has been strengthening its premium focus in China as part of its “Rebuild Earning Power” initiative, since 2021. In its next three- year plan, the Mid-Term Business Plan (2024-2026), Bridgestone will further intensify…
CTEK partners with Bridgestone Mobility Solutions on EV services platform
Electric vehicle (EV) charging solutions supplier CTEK has announced its partnership with Bridgestone Mobility Solutions, the business of Bridgestone focused on data-driven mobility solutions. This collaboration marks the launch of what is said to be a cutting-edge EV services platform…
Bridgestone expands hose business through acquisition of HosePower
Bridgestone HosePower (HosePower), a wholly owned indirect subsidiary of Japanese tyre maker Bridgestone Corporation, announced that it has acquired Greenville, South Carolina-based Cline Hose & Hydraulics. The acquisition furthers the expansion of HosePower’s hydraulic and industrial hose solutions and service business. Terms…
Bridgestone sells Russian assets to S8
Tyre maker Bridgestone’s European subsidiary has announced the sale of its Russian assets to S8 Capital, a Russian diversified holding company. The deal has received all necessary regulatory approvals. The agreement includes a tyre manufacturing plant in Ulyanovsk and a…