Bridgestone

Bridgestone Corporation, through its group company Bridgestone Mining Solutions Australia Pty. Ltd., has agreed to acquire Otraco International Pty Ltd, a leader in off-the-road tire management solutions, from Downer EDI Limited for AUD 79 million. The transaction is expected to close by the end of 2021.

Bridgestone will invest ¥10.2 billion in cutting-edge equipment for mining and construction vehicle tire production at its Shimonoseki Plant, including solar power generation and a water purification system.

LafargeHolcim has signed an agreement to acquire Firestone Building Products (FSBP) from Bridgestone Americas for $3.4 billion. FSBP is a leader in commercial roofing and building envelope solutions with 2020 estimated net sales of $1.8 billion. The transaction is expected to close in the second quarter of 2021.

Bridgestone agreed to sell its Firestone Building Products unit to LafargeHolcim for $3.4 billion.

Bridgestone has acquired iTrack Solutions, a provider of tyre management solutions for the off-the-road market, from UK-based Transense Technologies Plc. The acquisition price was not disclosed.

Bridgestone Specialty Tire Manufacturing (Thailand) Co., Ltd., a subsidiary of Bridgestone Corporation, held an opening ceremony for its new factory for radial tires for construction and mining vehicles in Rayong Province, Thailand on October 24, 2019. The factory has a production capacity of approximately 35 tons per day.

Bridgestone opened a new radial tire plant for construction and mining vehicles in Rayong, Thailand, operated by subsidiary Bridgestone Specialty Tire Manufacturing (Thailand). The plant has a production capacity of approximately 35 tons per day and is the first such plant in Asia outside Japan.

Transense Technologies has entered a joint collaboration agreement with Bridgestone for the iTrack II tyre pressure monitoring system for mining tyres 57 inches and above. Bridgestone will offer the system exclusively and provide a $750,000 interest-free loan.

Bridgestone EMEA announced a total investment of approximately EUR 266 million across three European plants, with about EUR 70 million allocated to its Burgos, Spain facility. The investment will expand production capacity, acquire advanced equipment, and optimize existing lines. Improvements are expected to be completed by early 2022.

Firestone Building Products announced it will construct a new polyiso foam insulation manufacturing facility in Heinsberg, Germany, to expand its European presence. The facility is expected to be fully operational in 2018.