Tire makers eye strong finish to 2017

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AKRON—Despite relatively lackluster first-half financial performances, tire makers for the most part are optimistic about their second half and fiscal 2017 earnings prospects.

Read the source article at Rubber and Plastics News

Global tire rankings: Bridgestone reigns supreme again

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AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.

Read the source article at Tire Business

Tire makers commit more than $7.3B on new plants, expansions

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AKRON — The world’s leading tire makers committed more than $7.3 billion in the past year toward new plants and capacity expansions, a measurable drop from record spending of $10 billion-plus in 2015-16 but still ahead of the annualized average for the past decade.

The investment sum was buoyed by nearly $3.3 billion in spending on acquisitions, deals that involved companies with collective annual sales of more than $2.5 billion — including Qingdao Doublestar Tire Co. Ltd.’s still-pending $830 million bid to buy what amounts to a controlling interest in South Korea’s Kumho Tire Co. Inc.

Read the source article at Tire Business

Bridgestone to benefit as part of £500 million Aston Martin UK-Japan trade deal

Aston Martin Lagonda has agreed a trade and investment deal between the United Kingdom and Japan worth up to £500 million over the next five years of its second century business plan. The investment program was announced by Dr Andy Palmer, Aston Martin president and chief executive officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May.

Read the source article at Tyrepress

New Ag Tire Checklist Tool from Firestone

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To help farmers maximize time in the field for the upcoming season, Firestone Ag has created a seven-step tire checklist designed to help farmers quickly and effectively check their tires this summer in preparation for harvest.

The Firestone Ag Tire Check list leverages the brand’s expertise, helping farmers easily identify the signs of tire wear.

Read the source article at Tire Review

Bridgestone names OTR products president

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NASHVILLE, Tenn.—Bridgestone Americas promoted 15-year company veteran Bridget Neal to president of off-the-road (OTR) products, succeeding Taylor Cole, who recently was named president of Firestone Building Products L.L.C.

Read the source article at Rubber and Plastics News

Bridgestone named to two MSCI indices

Two of the newest Environment, Society and Governance (ESG) indices developed by investment research firm MSCI recognise Bridgestone Corporation for its commitment to corporate social responsibility. The tyre and rubber products manufacturer features on both the MSCI Japan ESG Select Leaders Index and the MSCI Japan Empowering Women Index (WIN).

Both indices are based on the MSCI Japan IMI Top 500 Index, a parent index, which includes large, mid and small-cap securities in the Japanese markets. The MSCI Japan ESG Select Leaders Index is designed to highlight companies with strong ESG performance. As of June 2017, 251 companies have been included in the index.

Read the source article at Tyrepress

Firestone Ag Hosts Nuffield International Farming Scholars

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Firestone Ag, a subsidiary of Bridgestone Americas, hosted 10 Nuffield International Farming Scholars at the Firestone Ag tire plant in Des Moines, Iowa, to provide a glimpse inside the tire manufacturing process.

The Nuffield International Farming Scholars is a global network of farmers that works to provide insight growth to members through leadership.

Read the source article at Tire Review

Bridgestone HosePower Announces Acquisition of Seattle-based Fittings, Inc.

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ORANGE PARK, Fla., July 10, 2017 /PRNewswire/ — Bridgestone HosePower (Hosepower), a wholly-owned indirect subsidiary of Bridgestone Corporation, today announced it is expanding its hose solutions business in the Pacific Northwest by acquiring Fittings, Inc., (Fittings), a hydraulic and i…

Read the source article at PR Newswire

Bridgestone Honoured by VW

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Bridgestone was recognized by Volkswagen Group Award for Innovation & Technology.

During the 15th edition of the Volkswagen Group Awards, Bridgestone received an award in the category of Innovation & Technology.

“Bridgestone teams worldwide are honoured by this prestigious award for Innovation & Technology,” said Paolo Ferrari, CEO & President of Bridgestone EMEA.

Read the source article at Autosphere.ca