Bridgestone Establishes New Company in Kaiping,Guangdong Province, ChinaResponse to increasing demand for diversified products in the China market
Tokyo (March 30, 2012) - Bridgestone Corporation today announced plans to establish a new company that will manufacture, process, and sell foamed rubber, urethane, and precision electronic components in Kaiping, Guangdong Province, China. The increased capacity is in response to the growing demand for these products in the China market. Production at the new facility is expected to begin in the second half of 2013.
Through this additional production capacity, the Bridgestone Group will strengthen its supply position and more rapidly respond to customer demand for high-quality foamed rubber, urethane, and precision electronic component products. Demand for these products in the China market is projected to grow over the medium-to-long term.
Overview of the new company
| 1. Location | : Kaiping, Guangdong Province, China |
| 2. Company name | : Bridgestone (Kaiping) Diversified Products Co., Ltd. |
| 3. Chairman | : Nobuo Asaka |
| 4. President | : Masami Katoh |
| 5. Capital | : US$20 million (approximately ¥1.7 billion) |
| 6. Ownership | : Bridgestone Corporation 100% (indirect investment) |
| 7. Date of establishment | : January 4, 2012 |
| 8. Business lines | : Manufacture, processing, and sale of foamed rubber, urethane, and precision electronic components |
| 9. Number of employees | : Approximately 400 (planned for end of 2013) |
About Bridgestone Corporation:
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.
