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As of 8:10 PM 10/10/14 All times are local (Market data is delayed by at least 15 minutes).

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bridgestone corp (BRDCF) Details

Bridgestone Corporation, together with its subsidiaries, researches, develops, manufactures, and sells tires and rubber products worldwide. It operates through Tire and Diversified Products segments. The Tire segment provides tires and tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, and motorcycles. This segment also offers retreading materials and services, automotive maintenance and repair services, tire raw materials, and other tire-related products. The Diversified Products segment manufactures and sells chemical and industrial products, such as vehicle parts; polyurethane foam and related products; electronic precision parts; industrial materials-related products; civil engineering and construction materials and equipment; and other products. This segment also offers sporting goods comprising golf balls, golf clubs, golf wear, tennis goods, and other products; and bicycles, and other bicycle goods and other products, as well as finance and other services. The company was founded in 1931 and is headquartered in Tokyo, Japan.

145,029 Employees
Last Reported Date: 03/25/14
Founded in 1931

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bridgestone corp (BRDCF) Key Developments

Bridgestone Opens Shenyang Plant in China

Bridgestone has opened a new plant in Shenyang in China's Liaoning Province at its original existing production base. In a company press release, the tyre maker stated that the bus and truck radial tyre (BTR) plant officially opened on 24 September 2014. The plant covers 395,000 square metres and employs 1,325 staff, with annual production capacity to reach 5,000 tyres per day by the first half of 2016. Significance:Bridgestone's plant in Shenyang was originally opened in 1999, but was relocated within Shenyang, prompting the Japanese tyre-maker to create an entire new facility. The relocation was at the request of the Shenyang city government due to increased urbanisation of the city. Goodyear was also asked to relocate its plant in Dalian for similar reasons. Therefore, although technically the Bridgestone Shenyang entity was established in 1999, the plant that opened this month is a brand new BTR facility with a cost of USD 99.9 million. The new facility is located in the Shenyang Chemical Industry Park and is a wholly-owned Bridgestone company. Meanwhile, Bridgestone has expanded its passenger-car tyre plant in Jiangsu Province, and is expanding its product offering in China beyond tyres to produce, process, and sell foamed rubber, urethane, and precision electronic components in China in addition to its seat foam plant in China.

Test Production at Bridgestone Expansion to Start in Fourth Quarter

Bridgestone's expansion in Tatabanya (NW Hungary) will start in the fourth quarter. Plant director Fernando del Cerro told the paper that test production would last several months and that serial production could start next summer. Bridgestone launched the HUF 72 billion expansion in June of 2013. It will raise headcount by some 500 to 900.

Bridgestone Corporation Announces Senior Management Changes

Bridgestone Corporation announced some senior management changes effective 1 September 2014. Akihiro Eto will be promoted to Senior Vice-President responsible for diversified products from Vice-President and Senior Officer responsible for diversified products. Gary Garfield and Eduardo Minardi will both be promoted to Senior Vice-President of Bridgestone Corporation. Gordon Knapp and Christine Karbowiak will both be promoted to Vice-President and Senior Officer of Bridgestone Corporation. Kenichi Togami in his new role will be Vice-President and Officer Assistant to Senior Vice-President, responsible for international tyre business operations. Mitsuhira Shimazaki will be Vice-President and officer Asia-Pacific, China, the Middle East, Africa, and Russia tyre business operations, international tyre business operations, the responsibility previously held by Shinichi Sato. Shinichi Sato will be Vice-President and Officer seconded to Bridgestone Cycle Co, assistant to president of Bridgestone Cycle. Bill Thompson, Chief Financial Officer of Bridgestone Americas, will be Vice-President and Officer of Bridgestone Corporation in addition to his current role. Philip Dobbs, who is Chief Marketing Officer, US and Canada, consumer tyres, of Bridgestone Americas will additionally be Vice-President and Officer of Bridgestone Corporation and member of the board.


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Price/Book 1.4x
Price/Cash Flow 10.4x
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