Current Issue
×

Top Stories

Title Issue Date Category Formats Records Price
China retaliates in tariff feud, focuses on U.S. tires, rubber
View Description View Full Details
BEIJING—China is retaliating against the Trump administration's decision to impose $200 billion worth of tariffs on Chinese goods by enacting $60 billion in tariffs on U.S. goods, including ...
View Full Details »
BEIJING—China is retaliating against the Trump administration's decision to impose $200 billion worth of tariffs on Chinese goods by enacting $60 billion in tariffs on U.S. goods, including tires, synthetic rubber and butadiene. BEIJING—China is retaliating against the Trump administration's decision to impose $200 billion worth of tariffs on Chinese goods by enacting $60 billion in tariffs on U.S. goods, including tires, synthetic rubber and butadiene. $BEIJING—China is retaliating against the Trump administration's decision to impose $200 billion worth of tariffs on Chinese goods by enacting $60 billion in tariffs on U.S. goods, including tires, synthetic rubber and butadiene.
Wacky World of Rubber: Certain things just are not re-usable
View Description View Full Details
Some things would seem to be self-evident. But that isn't always the case, judging by the warning recently put out by the Centers for Disease Control that condoms should not be re-used. And not...
View Full Details »
Some things would seem to be self-evident. But that isn't always the case, judging by the warning recently put out by the Centers for Disease Control that condoms should not be re-used. And not surprisingly the Twitter post garnered a lot of attention. Some things would seem to be self-evident. But that isn't always the case, judging by the warning recently put out by the Centers for Disease Control that condoms should not be re-used. And not surprisingly the Twitter post garnered a lot of attention. $Some things would seem to be self-evident. But that isn't always the case, judging by the warning recently put out by the Centers for Disease Control that condoms should not be re-used. And not surprisingly the Twitter post garnered a lot of attention.
Manufacturing sector split as Trump moves forward on Chinese tariffs
View Description View Full Details
WASHINGTON—President Trump has announced he will go ahead with new tariffs worth an estimated $200 billion on more than 5,700 products imported from China. Most business sectors in the U.S.,...
View Full Details »
WASHINGTON—President Trump has announced he will go ahead with new tariffs worth an estimated $200 billion on more than 5,700 products imported from China. WASHINGTON—President Trump has announced he will go ahead with new tariffs worth an estimated $200 billion on more than 5,700 products imported from China. $WASHINGTON—President Trump has announced he will go ahead with new tariffs worth an estimated $200 billion on more than 5,700 products imported from China.
Clariant, Sabic to merge part of materials portfolio
View Description View Full Details
MUTTENZ, Switzerland—Materials supplier Clariant A.G. and Saudi chemical company Sabic are to merge parts of their businesses in a bid to create a leading supplier of high-performance...
View Full Details »
MUTTENZ, Switzerland—Materials supplier Clariant and Saudi chemical company Sabic are to merge parts of their businesses in a bid to create a leading supplier of high-performance materials. MUTTENZ, Switzerland—Materials supplier Clariant and Saudi chemical company Sabic are to merge parts of their businesses in a bid to create a leading supplier of high-performance materials. $MUTTENZ, Switzerland—Materials supplier Clariant and Saudi chemical company Sabic are to merge parts of their businesses in a bid to create a leading supplier of high-performance materials.
Univar to buy Nexeo for $2 billion, may sell plastics unit
View Description View Full Details
DOWNERS GROVE, Ill.—In a blockbuster materials distribution deal, Univar Inc. is acquiring Nexeo Solutions Inc. for $2 billion. But before the ink was dry on the Sept. 17 deal, Univar...
View Full Details »
DOWNERS GROVE, Ill.—In a blockbuster materials distribution deal, Univar is acquiring Nexeo Solutions for $2 billion. But before the ink was dry on the deal, Univar officials said they're reviewing Nexeo's plastic resin business for a possible sale. DOWNERS GROVE, Ill.—In a blockbuster materials distribution deal, Univar is acquiring Nexeo Solutions for $2 billion. But before the ink was dry on the deal, Univar officials said they're reviewing Nexeo's plastic resin business for a possible sale. $DOWNERS GROVE, Ill.—In a blockbuster materials distribution deal, Univar is acquiring Nexeo Solutions for $2 billion. But before the ink was dry on the deal, Univar officials said they're reviewing Nexeo's plastic resin business for a possible sale.
NHTSA, EPA under fire for fuel economy standards hearing schedule
View Description View Full Details
WASHINGTON—Federal and state regulators will host four listening sessions during the week of Sept. 24, focusing on a contentious proposal that would weaken federal fuel economy and emission...
View Full Details »
WASHINGTON—Federal and state regulators will host four listening sessions during the week of Sept. 24, focusing on a contentious proposal that would weaken federal fuel economy and emission standards. WASHINGTON—Federal and state regulators will host four listening sessions during the week of Sept. 24, focusing on a contentious proposal that would weaken federal fuel economy and emission standards. $WASHINGTON—Federal and state regulators will host four listening sessions during the week of Sept. 24, focusing on a contentious proposal that would weaken federal fuel economy and emission standards.
Fairprene know-how drives recent Trelleborg expansions
View Description View Full Details
RUTHERFORDTON, N.C.—Trelleborg Engineered Coated Fabrics has significantly increased its capabilities and expanded its geographic reach in the last year, thanks primarily to recent...
View Full Details »
RUTHERFORDTON, N.C.—Trelleborg Engineered Coated Fabrics has significantly increased its capabilities and expanded its geographic reach in the last year, thanks primarily to recent acquisitions. RUTHERFORDTON, N.C.—Trelleborg Engineered Coated Fabrics has significantly increased its capabilities and expanded its geographic reach in the last year, thanks primarily to recent acquisitions. $RUTHERFORDTON, N.C.—Trelleborg Engineered Coated Fabrics has significantly increased its capabilities and expanded its geographic reach in the last year, thanks primarily to recent acquisitions.
Goodyear's Rich Kramer sees opportunities in tire industry's challenges
View Description View Full Details
AKRON—Customers—both individual and corporate—are driving rapid changes in how tires are designed, distributed and sold, and successful tire companies will embrace those changes....
View Full Details »
AKRON—Customers—both individual and corporate—are driving rapid changes in how tires are designed, distributed and sold, and successful tire companies will embrace those changes. AKRON—Customers—both individual and corporate—are driving rapid changes in how tires are designed, distributed and sold, and successful tire companies will embrace those changes. $AKRON—Customers—both individual and corporate—are driving rapid changes in how tires are designed, distributed and sold, and successful tire companies will embrace those changes.
Michelin Tweel designer Steve Cron honored at ITEC
View Description View Full Details
AKRON—There's no telling what will inspire the next big idea, the one that sends ripples—or maybe even waves—through the industry. The International Tire Exhibition &...
View Full Details »
AKRON—The Harold Herzlich Distinguished Technology Achievement Award, presented at each ITEC show, honors outstanding achievements in tire technology. This year, ITEC honored Steve Cron, who, along with his friend and colleague Tim Rhyne, developed Michelin's Tweel. AKRON—The Harold Herzlich Distinguished Technology Achievement Award, presented at each ITEC show, honors outstanding achievements in tire technology. This year, ITEC honored Steve Cron, who, along with his friend and colleague Tim Rhyne, developed Michelin's Tweel. $AKRON—The Harold Herzlich Distinguished Technology Achievement Award, presented at each ITEC show, honors outstanding achievements in tire technology. This year, ITEC honored Steve Cron, who, along with his friend and colleague Tim Rhyne, developed Michelin's Tweel.
Commerce rules against China, Thailand in rubber band duty case
View Description View Full Details
WASHINGTON—The U.S. Department of Commerce has levied antidumping duties of 5.86 percent against most rubber band imports from Thailand. The agency also has determined preliminarily that...
View Full Details »
WASHINGTON—The U.S. Department of Commerce has levied antidumping duties of 5.86 percent against most rubber band imports from Thailand. WASHINGTON—The U.S. Department of Commerce has levied antidumping duties of 5.86 percent against most rubber band imports from Thailand. $WASHINGTON—The U.S. Department of Commerce has levied antidumping duties of 5.86 percent against most rubber band imports from Thailand.
Digital Edition
Digital Edition
Published on September 5, 2005

Bridgestone sees opportunities abounding

Have a question? Need some help?
Click here to view the FAQ

Tags

Date Published September 5, 2005
Category

Bridgestone Corp.'s chairman is bullish about the company's future, despite certain ``challenges,'' like huge raw material cost increases.

``This is a time of tremendous opportunity for Bridgestone, and we are moving aggressively to capitalize on that opportunity even while addressing huge challenges,'' Shigeo Watanabe, chairman, president and CEO of the Japanese company, said in a letter published in the firm's 2004 annual report.

Five years removed from the largest tire recall in tire industry history, Bridgestone is pushing for more market share, backed by a $2 billion-plus capital spending plan and coupled with steady earnings growth.

One aspect of Bridgestone's strategy that separates it from its major competitors is its belief in vertical integration.

While major competitors Goodyear and Groupe Michelin are moving away from certain captive supply sources, Bridgestone is investing heavily in in-house supplies. Those include carbon black, steel and textile cord, and natural and synthetic rubber. The company also is solidifying its captive retail distribution networks in North America, Europe and Japan.

In the annual report, Watanabe said that while the firm will continue to buy most of its raw materials from third-party sources, it will upgrade its in-house capabilities in developing, producing and using those materials. ``That will help us create better tires, and it will help ensure reliable access to crucial raw materials,'' he wrote.

The company didn't respond to requests for comment, and its U.S. operations referred all questions to Japan.

Bridgestone has committed more than $360 million through 2007 to enhancing its raw materials supply situation. Included in that are the recent purchases of Goodyear's NR plantation in Indonesia, a new carbon black plant in Thailand, two steel cord factories in China, and expansions of steel cord capacity in Japan and the U.S.

Noting demand for passenger tires in industrialized nations is shifting toward high-performance tires and tires of larger rim sizes, Watanabe said the tire maker will deploy production resources to accommodate that fact.

The firm also will expand production capacity to handle higher global demand for auto tires, especically in emerging markets. And an increase in truck tire consumption will require further capacity expansion in that sector.

The amount of new daily capacity coming on stream for the tire maker in the next two to three years is roughly 45,000 units. That's equivalent to as much as $1.5 billion in new sales, depending on the mix.

The firm is financing much of its growth through adequate cash flow and controlled debt. The firm's interest-bearing debt declined last year by 2 percent. The debt-equity ratio stood at 0.34 at year-end, the lowest it's been in five years.

Short term, Bridgestone sees sales rising steadily this year and next, but the unstable raw materials situation likely will keep a lid on earnings gains, the company said in its half-year results.

Bridgestone also is betting heavily on China, where it has three tire plants and a steel cord factory plus a second steel cord facility under construction. The firm has invested $500 million in China since 2002.

* * *

Bridgestone capital investment priorities

* Deploying production to serve the shift in demand for auto and light truck tires in industrialized markets toward high-performance and larger diameter rim sizes.

* Expanding capacity to serve the growth in global demand for passenger tires, especially in emerging markets.

* Expanding capacity to serve the increase in worldwide consumption of truck and bus tires and for off-the-road tires.

* Boosting capabilities in producing raw materials for tires.

ERROR: Object template cce_CCI_SITE is missing!