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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 America.
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Publication:Rubber World
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2002
Words:103
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