Tokyo (April 1, 2010) - A subsidiary of Tokyo-based Bridgestone Corporation, Bridgestone Asia Pacific Pte. Ltd. (BSAP), announced today the establishment of a new tire sales company based in Ho Chi Minh City, Vietnam. The new company is named Bridgestone Tire Sales Vietnam Limited Liability Company (BSTVN).

The Bridgestone Group sees Indochina as one of its most strategic growth areas. As one of Indochina’s transportation and logistics hubs, Vietnam is seeing stable and continuous economic growth as well as a steady increase in tire demand. Bridgestone expects that demand in this area will continue to grow as the transportation network in the region continues to grow, connecting Indochina from the east to the west and the north to south through Vietnam. The establishment of a sales company in this promising market is intended to fulfill the Bridgestone Group’s goal of strengthening its operations in Vietnam and Indochina by providing that market with direct access to the Group’s high quality products and services.

Company name: Bridgestone Tire Sales Vietnam Limited Liability Company
Location: Ho Chi Minh City, Vietnam
Representative: Tetsuro Chiba
Date of establishment: April 1, 2010
Capital: US$700,000
Ownership: BSAP 95%
                      Mitsubishi Corporation 5%
Number employees: 18
Business lines: Sale of tires (for passenger cars, trucks, buses, etc.) and services