Bridgestone cut its capital spending by 15-30% in 2009, which was attributed to the decline in global tyre demand that affected the company's business.
Comprehensive Foreign Power reported on February 19 that Bridgestone Corp. had decided to reduce its plant and equipment spending in 2009 to approximately 200 billion yen to 250 billion yen, a 15-30% reduction from the original plan.
According to Nikkei’s report on the 19th, Bridgestone announced a medium-term business plan in October 2008. In the five years to 2013, the capital expenditure will be 290 billion yen annually. The company seeks to increase the production capacity of passenger car tires in Thailand and Indonesia by the end of 2010, and to start a new plant for bus and truck tires in Poland by the end of 2009. However, these items may be reduced or postponed.
The decline in global demand for tires has affected the company’s business of supplying new automotive tires and replacing tires.
The remaining four-year spending decision for this plan will depend on the situation in the future, but Bridgestone now hopes to continue the original investment plan in the strategic business area, including the construction of a large construction equipment tire factory in Kitakyushu, and the production capacity of the Tokyo Aircraft Tire Factory. expansion.
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