Bridgestone Corporation has presented its Mid Term Business Plan (2024-2026), and for Europe this entails significant restructuring and rebuilding within the truck and bus tyre as well as the retreading business. Chief executive officer Shuichi Ishibashi and Masato Banno, the company’s chief technology officer, discussed 24MBP on 1 March.
Elaborating upon the FIA announcement that Bridgestone will take over from Hankook as the sole tyre supplier of the Formula E World Championship from the 2026-2027 season, Bridgestone emphasises that the all-electric race series will become “a cornerstone of the company’s sustainable global motorsports strategy.” Furthermore, it intends to use supply arrangements such as this to “continue to develop and refine sustainable technology” and to “accelerate innovation” that delivers value throughout the entire tyre lifecycle.
The Board of Directors of Bridgestone Corporation today approved a resolution to implement a new global management structure. This structure will take effect on 1 January 2024 and divide Bridgestone’s business into two regions, Bridgestone East and Bridgestone West. Each region will have its own Chief Executive Officer who will report to Global Chief Executive Officer, Shu Ishibashi.
Formula One is sticking with Pirelli as tyre supplier for the 2025 to 2027 seasons, but Bridgestone comments that both the Federation Internationale de l’Automobile (FIA) and Formula One Group (FOG) responded favourably to its proposed “advanced innovative technology and sustainability initiatives.” Furthermore, the Japanese manufacturer doesn’t rule out throwing its hat into the F1 ring at a later date.
In order to “further deepen dialogue” with its stakeholders and to give them a “comprehensive understanding” of its approaches and initiatives for enhancing corporate value over the medium to long term, Bridgestone Corporation has published the Bridgestone 3.0 Journey 2023 Integrated Report. This document covers activities occurring between 1 January and 31 December 2022 and includes a range of facts and figures.
Those wishing to gain a better understanding of Bridgestone Corporation’s initiatives for enhancing corporate value over the medium to long term can find the needed information in the new Bridgestone 3.0 Journey 2023 Integrated Report. This document outlines changes made since 2020 and provides an update on transformational progress in the run-up to the company’s 100th anniversary in 2031.
Although track enthusiasts in the UK and Europe have been acquainted with the Bridgestone Potenza Race since last year, their brethren across the Pond have been denied the opportunity – until now. Bridgestone Americas has added the road legal semi-slick tyres to its Bridgestone Potenza line-up.
As of today, Thomas J. Higgins is “Responsible for Global Tire Industry Projects” at Bridgestone Corporation. He takes on this role in addition to his positions as the company’s global chief business strategic officer, vice chair of the Board at Bridgestone Americas and Supervisory Board chair at Bridgestone EMIA.
Bridgestone Corporation has published its latest integrated report. It says the Bridgestone 3.0 Journey 2022 Integrated Report provides readers with a “comprehensive and better understanding” of the company’s approach and the initiatives it is undertaking to enhance corporate value over the mid- to long-term.
On 18 April, the Board of Directors at Bridgestone Corporation decided to strengthen the company’s global management structure by appointing two joint global chief operating officers. Paolo Ferrari will join Masahiro Higashi, who has served as Bridgestone’s global chief operating officer since July 2020, in this capacity on 1 May 2022. Both report to Shu Ishibashi, Bridgestone Corporation’s global chief executive officer. Ferrari’s remit will expand to include responsibility for Bridgestone’s business in Europe.
The Olympic and Paralympic Games Tokyo 2020 belatedly begin this week, and as is well known, much will be different this time round. Worldwide partner Bridgestone Corporation has outlined the ways its contributions will help support safety and efficiency for athletes and operations.
Bridgestone Corporation has published its 2020-2021 Sustainability Report, a document it describes as “an important milestone” on its “ongoing journey to provide social and customer value as a sustainable solutions company.” The report outlines the steps Bridgestone has taken over the past year and contains detailed information about its Mid-Long Term Business Strategy, Sustainability Business Framework, Mid Term Business Plan (2021-2023), and CSR activities.
Bridgestone Corporation has announced that it will sell Bridgestone (Huizhou) Synthetic Rubber Co., Ltd., its China-based subsidiary for manufacturing synthetic car tyre rubber, to Taiwan’s LCY Chemical Corp. The company has not disclosed financial aspects of the transaction.
Bridgestone Corporation has become a member of The Valuable 500, a global movement committed to making disability inclusion a greater part of the business leadership agenda. Through this partnership, Bridgestone says it and other top companies around the world are “committing to help build and promote a society that realises the value of the 1.3 billion people living with disabilities.”
Bridgestone Corporation has shared details of its Mid-Term Business Plan for the three-year period from 2021 to 2023, and this plan entails significant changes for the company’s manufacturing footprint. In a presentation given by chief executive officer Shu Ishibashi, Bridgestone outlines the direction this restructuring will take.
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Stephen Goodchild / Tyre Industry Publications Ltd
Bridgestone Corporation