Bridgestone. (Acquisitions, Expansions).
Japanese tiremaker Bridgestone returned to profitability in the
first half of the year as sales in the U.S. recovered from the aftermath
of a massive tire recall at its Bridgestone/Firestone subsidiary.
Bridgestone announced plans to invest $248 million to expand global
production to cope with the shift to larger tires, as well as growing
demand for tires in industrializing nations. Bridgestone will stop
producing some lower grade tires in Japan and switch to producing more
of the larger and more expensive tires. Production will go up in Asia,
including Thailand, Indonesia and China, as well as in Poland and South