Latest news with #BridgestoneCorporation
Web Release
10-04-2025
- Automotive
- Web Release
Bridgestone Announces 2025 Motorsports Plan
Bridgestone Corporation announced its 2025 motorsports plan. In 2025, the company will continue to support various domestic and overseas motorsports, ranging from top-level professional race series to grassroots amateur races, to further enhance and support motorsport culture. Valuing its 'origin' as a tyre manufacturer, the company will contribute to the development of motorsport culture by reinforcing the sustainable global motorsport as a 'mobile laboratory' and connecting the refined technologies under extreme conditions to the development of replacement car and motorcycle tyres. In top-level professional race series, Bridgestone's support will primarily come through supplying Bridgestone POTENZA tyres for SUPER GT car races in Japan. The company will also provide Bridgestone BATTLAX tyres for motorcycle races for All Japan Road Race Championship motorcycle races and Endurance World Championship (EWC), the world's foremost series of endurance motorcycle races by Fédération Internationale de Motocyclisme (FIM). With Firestone FIREHAWK tyres for car races, the company serves as the exclusive tyre supplier for the prestigious motorsport series in North America, the NTT INDYCAR® SERIES*1, which includes INDY500. Bridgestone also supports grassroots motorsports. For example, the company continues to supply tyres to Super Taikyu Series races as the official tyre supplier. In addition, it will supply tyres for the All-Japan Gymkhana Championship and Mazda's grassroots motorsport races as well as the TOYOTA GAZOO Racing GR86/BRZ Cup, a race series that uses mass-produced tyres, and the TOYOTA GAZOO Racing Rally Challenge, a grassroots motorsport rally for beginners. At the same time, the company will seek to expand the fanbase for motorsport through the continuation of the POTENZA Circuit Challenge, an open-participation event that offers beginners the opportunity to take their first drive around the circuit. Through its involvement in these and other races across the globe, Bridgestone will continue to advance and refine its technologies and brand power by pursuing the limits of maximum tyre performance under extreme conditions as it seeks to support the safety of all drivers and riders from professionals to amateurs and teams, and to empower each and all to achieve their best from the ground up. Meanwhile, by supporting sustainable motorsport activities with primarily tyres equipped with 'new premium' ENLITEN®*2 technology, which is the base technology for product design, Bridgestone is providing support for a carbon-neutral mobility society. The company will continue to sponsor the Bridgestone World Solar Challenge,*3 a world-leading solar car race held in Australia for which the company has been the title sponsor since 2013. The company will supply competitors in this race with tyres equipped with ENLITEN® technology and that use recycled and renewable materials at higher ratio. The company will also continue its title sponsorship and support of the Bridgestone FIA ecoRally Cup,*4 an international competition in which non-professional drivers compete with a focus on electricity efficiency using zero-emissions vehicles. As a new undertaking in 2025, Bridgestone will begin supporting the KYOJO CUP, a series of races for female drivers as the official tyre supplier and contribute to the realization of the diversification of motorsport culture. In 2023, Bridgestone began reinforcing sustainable global motorsport activities in celebration of the 60th anniversary of its motorsport activities. As another step of this journey, effective March 1, 2025, the company established a new motorsport management structure, which will enhance its motorsport initiatives from a management perspective as it moves to the next stage. The company will continuously evolve these activities, reconnecting motorsport activities to its 'origin' as a tyre manufacturer and recommitting as a 'Challenge for Excellence.' Bridgestone's passion to race, to win, to embrace the ultimate challenge drives its innovation to advance sustainable technology. Furthermore, the company promotes co-creation with society, partners, and customers, aiming for the realization of a sustainable mobility society with sustainability at the core. This commitment is encapsulated in the message of 'Passion to Turn the World®'. Under this message, Bridgestone will demonstrate its challenge and pursuit of excellence, as well as its passion to race with many partners who love motorsport and will enhance its brand power as a 'sustainable premium brand.' Bridgestone continues to evolve by supplying tyres that have been improved in performance based on the usage conditions and feedback from drivers and riders across various racing categories, while ensuring safety and peace of mind based on our fundamental principle 'tyres carry life' in development of motorsport tyres. Furthermore, using races as a 'mobile laboratory,' the company will connect refined technologies under extreme conditions to the development of replacement car and motorcycle tyres for the next stage under the concept 'From Circuit to Street.' 'Bridgestone will accelerate sustainability of the entire value chain, where it 'produces,' 'uses,' and 'renews' tyres to raw material with motorsport tyres as the starting point and spread it to the entire group with using races as a 'Mobile Laboratory,' To this end, we will evolve our motorsport activities to the next stage with our new management structure leveraging the global motorsport insight and operational experience,' said Hiroshi Imai, Vice President and Senior Officer, responsible for Motorsports tyre development and technology. Bridgestone strives to achieve the corporate commitment of 'Emotion: Committed to inspiring excitement and spreading joy to the world of mobility' described in 'Bridgestone E8 Commitment*5,' through sustainable global motorsport activities. Motorsports is Bridgestone's passion – Always has been and always will be. 1. Bridgestone has an agreement to act as the exclusive tyre supplier for the NTT INDYCAR® SERIES until 2030. 2024.9.13 Firestone to Continue as NTT INDYCAR® SERIES Exclusive Tire Supplier through Long-Term Extension 2. ENLITEN is a technology that evolves environmental performance while expanding basic performance and elevating all conventional performances. It also pursues 'ultimate customization' to sharpen the edge in performance which not only meets the apparent needs and potential wants of the markets and customers, but also further inspires markets and customers by creating new value that they may not have imagined, according to the characteristics of diverse vehicles and usage conditions. 3. Bridgestone has an agreement to act as the naming rights sponsor of the Bridgestone World Solar Challenge until 2031. The official website of the Bridgestone World Solar Challenge can be found here. 4. 3.10 FIA PARTNERS WITH BRIDGESTONE ON ECORALLY CUP INITIATIVE 5. The Bridgestone Group established its corporate commitment, the 'Bridgestone E8 Commitment,' to help it realize its vision: 'Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company.' This commitment will serve as the Group's axis to drive management while earning the trust of future generations. The 'Bridgestone E8 Commitment' consists of eight uniquely Bridgestone values starting with the letter 'E' (Energy, Ecology, Efficiency, Extension, Economy, Emotion, Ease, and Empowerment) that the Group will commit to creating through distinctly Bridgestone purposes and processes, together with employees, society, partners, and customers to help realize a sustainable society.
Mid East Info
09-04-2025
- Automotive
- Mid East Info
Bridgestone Announces 2025 Motorsports Plan - Middle East Business News and Information
Reinforcing Sustainable Global Motorsports. Bridgestone Corporation announced its 2025 motorsports plan. In 2025, the company will continue to support various domestic and overseas motorsports, ranging from top-level professional race series to grassroots amateur races, to further enhance and support motorsport culture. Valuing its 'origin' as a tyre manufacturer, the company will contribute to the development of motorsport culture by reinforcing the sustainable global motorsport as a 'mobile laboratory' and connecting the refined technologies under extreme conditions to the development of replacement car and motorcycle tyres. In top-level professional race series, Bridgestone's support will primarily come through supplying Bridgestone POTENZA tyres for SUPER GT car races in Japan. The company will also provide Bridgestone BATTLAX tyres for motorcycle races for All Japan Road Race Championship motorcycle races and Endurance World Championship (EWC), the world's foremost series of endurance motorcycle races by Fédération Internationale de Motocyclisme (FIM). With Firestone FIREHAWK tyres for car races, the company serves as the exclusive tyre supplier for the prestigious motorsport series in North America, the NTT INDYCAR ® SERIES *1 , which includes INDY500. Bridgestone also supports grassroots motorsports. For example, the company continues to supply tyres to Super Taikyu Series races as the official tyre supplier. In addition, it will supply tyres for the All-Japan Gymkhana Championship and Mazda's grassroots motorsport races as well as the TOYOTA GAZOO Racing GR86/BRZ Cup, a race series that uses mass-produced tyres, and the TOYOTA GAZOO Racing Rally Challenge, a grassroots motorsport rally for beginners. At the same time, the company will seek to expand the fanbase for motorsport through the continuation of the POTENZA Circuit Challenge, an open-participation event that offers beginners the opportunity to take their first drive around the circuit. Through its involvement in these and other races across the globe, Bridgestone will continue to advance and refine its technologies and brand power by pursuing the limits of maximum tyre performance under extreme conditions as it seeks to support the safety of all drivers and riders from professionals to amateurs and teams, and to empower each and all to achieve their best from the ground up. Meanwhile, by supporting sustainable motorsport activities with primarily tyres equipped with 'new premium' ENLITEN ®*2 technology, which is the base technology for product design, Bridgestone is providing support for a carbon-neutral mobility society. The company will continue to sponsor the Bridgestone World Solar Challenge, *3 a world-leading solar car race held in Australia for which the company has been the title sponsor since 2013. The company will supply competitors in this race with tyres equipped with ENLITEN ® technology and that use recycled and renewable materials at higher ratio. The company will also continue its title sponsorship and support of the Bridgestone FIA ecoRally Cup, *4 an international competition in which non-professional drivers compete with a focus on electricity efficiency using zero-emissions vehicles. As a new undertaking in 2025, Bridgestone will begin supporting the KYOJO CUP, a series of races for female drivers as the official tyre supplier and contribute to the realization of the diversification of motorsport culture. In 2023, Bridgestone began reinforcing sustainable global motorsport activities in celebration of the 60th anniversary of its motorsport activities. As another step of this journey, effective March 1, 2025, the company established a new motorsport management structure, which will enhance its motorsport initiatives from a management perspective as it moves to the next stage. The company will continuously evolve these activities, reconnecting motorsport activities to its 'origin' as a tyre manufacturer and recommitting as a 'Challenge for Excellence.' Bridgestone's passion to race, to win, to embrace the ultimate challenge drives its innovation to advance sustainable technology. Furthermore, the company promotes co-creation with society, partners, and customers, aiming for the realization of a sustainable mobility society with sustainability at the core. This commitment is encapsulated in the message of 'Passion to Turn the World ® '. Under this message, Bridgestone will demonstrate its challenge and pursuit of excellence, as well as its passion to race with many partners who love motorsport and will enhance its brand power as a 'sustainable premium brand.' Bridgestone continues to evolve by supplying tyres that have been improved in performance based on the usage conditions and feedback from drivers and riders across various racing categories, while ensuring safety and peace of mind based on our fundamental principle 'tyres carry life' in development of motorsport tyres. Furthermore, using races as a 'mobile laboratory,' the company will connect refined technologies under extreme conditions to the development of replacement car and motorcycle tyres for the next stage under the concept 'From Circuit to Street.' 'Bridgestone will accelerate sustainability of the entire value chain, where it 'produces,' 'uses,' and 'renews' tyres to raw material with motorsport tyres as the starting point and spread it to the entire group with using races as a 'Mobile Laboratory,' To this end, we will evolve our motorsport activities to the next stage with our new management structure leveraging the global motorsport insight and operational experience,' said Hiroshi Imai, Vice President and Senior Officer, responsible for Motorsports tyre development and technology. Bridgestone strives to achieve the corporate commitment of 'Emotion: Committed to inspiring excitement and spreading joy to the world of mobility' described in 'Bridgestone E8 Commitment *5 ,' through sustainable global motorsport activities. Motorsports is Bridgestone's passion – Always has been and always will be. Bridgestone has an agreement to act as the exclusive tyre supplier for the NTT INDYCAR ® SERIES until 2030. 2024.9.13 Firestone to Continue as NTT INDYCAR® SERIES Exclusive Tire Supplier through Long-Term Extension ENLITEN is a technology that evolves environmental performance while expanding basic performance and elevating all conventional performances. It also pursues 'ultimate customization' to sharpen the edge in performance which not only meets the apparent needs and potential wants of the markets and customers, but also further inspires markets and customers by creating new value that they may not have imagined, according to the characteristics of diverse vehicles and usage conditions. Bridgestone has an agreement to act as the naming rights sponsor of the Bridgestone World Solar Challenge until 2031. The official website of the Bridgestone World Solar Challenge can be found here . 2023.3.10 FIA PARTNERS WITH BRIDGESTONE ON ECORALLY CUP INITIATIVE The Bridgestone Group established its corporate commitment, the ' Bridgestone E8 Commitment ,' to help it realize its vision: 'Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company.' This commitment will serve as the Group's axis to drive management while earning the trust of future generations. The 'Bridgestone E8 Commitment' consists of eight uniquely Bridgestone values starting with the letter 'E' (Energy, Ecology, Efficiency, Extension, Economy, Emotion, Ease, and Empowerment) that the Group will commit to creating through distinctly Bridgestone purposes and processes, together with employees, society, partners, and customers to help realize a sustainable society. About Bridgestone Corporation: Bridgestone is a global leader in tyres and rubber building on its expertise to provide solutions for safe and sustainable mobility. Headquartered in Tokyo, the company employs approximately 130,000 people globally and conducts business in more than 150 countries and territories worldwide. Bridgestone offers a diverse product portfolio of premium tyres and advanced solutions backed by innovative technologies, improving the way people around the world move, live, work and play.
Globe and Mail
19-02-2025
- Automotive
- Globe and Mail
Airless Tires Market Expected to Grow at a CAGR of 6.84% by 2032, Driven by Rising Vehicle Demand
The Airless Tires Market was estimated to be worth USD 0.05 billion in 2023. This industry is anticipated to expand from USD 0.05 billion in 2024 to USD 0.1 billion by 2032 The airless tires market is growing fast as more people and industries look for new and better tire options. Airless tires, also called non-pneumatic tires, do not need air to stay inflated. These tires are designed to avoid punctures, making them safer and longer-lasting than traditional tires. They are used in many vehicles, including bicycles, motorcycles, cars, and even heavy-duty machinery. With rising concerns about safety, sustainability, and lower maintenance costs, the demand for airless tires is expected to grow significantly in the coming years. The Airless Tires Market was estimated to be worth USD 0.05 billion in 2023. This industry is anticipated to expand from USD 0.05 billion in 2024 to USD 0.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.84% over the forecast period (2024 - 2032). The market's growth is driven by the rising demand for industrial vehicles, along with the increasing need for advanced tires and wheels. Additionally, tires with integrated connected features that offer convenience and driver assistance are playing a crucial role in accelerating market expansion. Market Drivers There are several factors driving the growth of the airless tires market. First, the increasing number of vehicles worldwide is creating a bigger need for reliable tires. Second, airless tires reduce the risk of accidents caused by tire blowouts, making them popular in the automotive and industrial sectors. Third, companies are investing heavily in research and development to create innovative tire designs that are both durable and environmentally friendly. Additionally, the rising popularity of electric vehicles (EVs) is also pushing the market forward, as airless tires can improve the efficiency and performance of these vehicles. Another important driver for the airless tires market is the growing demand for low-maintenance and long-lasting tire solutions. Traditional pneumatic tires require regular checks for air pressure and are prone to punctures, leading to unexpected downtime and repair costs. Airless tires, on the other hand, eliminate these concerns, offering a more convenient and cost-effective option for consumers and businesses alike. Moreover, governments and environmental organizations are encouraging the adoption of sustainable technologies, which is prompting manufacturers to develop eco-friendly airless tires made from recyclable materials. This shift not only supports global sustainability goals but also enhances brand reputation and customer loyalty, further boosting market growth. Get Free Sample Report for Detailed Market Insights; Key Companies in the Airless Tires market include Bridgestone Corporation (Japan) Hankook Tire (South Korea) The Goodyear Tire and Rubber Company (U.S.) Pirelli (U.S.) Sunitomo Rubber Industries (Japan) Amerityre Corporation (U.S.) Michelin (France) Toyo Tire and Rubber Co. Ltd. (Japan) Cooper Tire (U.S.) Tannus Ltd. (Korea) These companies are focusing on creating high-performance airless tires for various applications. They are working on improving the design, materials, and manufacturing processes to make these tires more affordable and widely available. Market Restraints Market Restraints Despite its growth, the airless tires market faces some challenges. One major restraint is the high cost of producing these tires compared to traditional ones. The manufacturing process is complex, and the materials used are often more expensive. Additionally, some airless tire models still have issues with heat dissipation and road grip, which can affect vehicle performance. The limited availability of airless tires in certain regions is another challenge that companies are working hard to overcome. Another significant challenge is consumer perception and acceptance. Since airless tires are relatively new in the market, many drivers are hesitant to switch from conventional tires due to concerns about durability and ride comfort. Educating the market about the benefits of airless tires, such as puncture resistance and longer lifespan, is essential to drive adoption. Moreover, the transition for automakers and aftermarket retailers to stock and service these tires also requires time and investment, adding another layer of complexity to market penetration. Airless Tires Market Segmentation Insights: The airless tires market is divided into different segments based on type, material, and application. Airless Tires Market Segmentation: Airless Tires Market By Type Outlook Radial Tires Bias Tires Airless Tires Market By Vehicle Type Outlook Two-Wheeler Passenger Cars Light/Heavy Industrial/Commercial Trucks & Buses Airless Tires Market By Material Type Outlook Rubber Plastic Airless Tires Market By Tire Size Outlook 20 inches 21–25 inches 26–30 inches 31–35 inches >35 inches Airless Tires Market By Sales Channel Outlook OEM Aftermarket This segmentation helps companies better understand market needs and create targeted products for each category. You can buy this market report at; Future Scope The future of the airless tires market looks promising. As technology advances, manufacturers are developing new materials and designs that address the current limitations of airless tires. The market is expected to expand as more people become aware of the benefits, including longer tire life, lower maintenance costs, and improved safety. In the coming years, we can expect to see airless tires become more common in both everyday vehicles and specialized industries. In conclusion, the airless tires market is on a strong growth path, driven by innovation and the need for safer, more durable tire solutions. As companies continue to invest in research and development, the market will likely overcome its current challenges and reach new heights. Top Trending Reports: Automotive AfterMarket E-Bike Market About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Yahoo
13-02-2025
- Automotive
- Yahoo
Port and Industrial Tire Market Set to Reach USD 13.8 Billion by 2031, Propelled by Infrastructure Boom and Next-Gen Tire Innovations
The port and industrial tire industry is integral to global trade and logistics, providing essential components for equipment such as forklifts, reach stackers, and container handlers. The industry's growth is closely tied to global trade dynamics, technological advancements in tire design, and the increasing adoption of automation and robotics in material handling. Wilmington, Delaware, United States, Transparency Market Research Inc. , Feb. 13, 2025 (GLOBE NEWSWIRE) -- The global port and industrial tire market (항구 및 산업용 타이어 시장), valued at US$ 8.6 billion in 2022, is projected to grow to US$ 13.8 billion by 2031, reflecting a compound annual growth rate CAGR of 5.3%. This growth is fueled by the expansion of port infrastructure, increased automation in material handling, and a rising demand for durable, high-performance tires. Key industry players are focusing on technological innovations and strategic acquisitions to strengthen their market positions. The port and industrial tire industry is integral to global trade and logistics, providing essential components for equipment such as forklifts, reach stackers, and container handlers. The industry's growth is closely tied to global trade dynamics, technological advancements in tire design, and the increasing adoption of automation and robotics in material handling. Request for sample copy of report: Players: Bridgestone Corporation Continental AG MICHELIN Nokian Tyres Plc. The Goodyear Tire & Rubber Company CEAT Ltd. Yokohama Tire Corporation Rovince Tire Xuzhou Armour Rubber Company Ltd. Cheng Shin Rubber Industry Co. Ltd. Cooper Tire & Rubber Company Camso GRL Tire Maxxis Sumitomo Rubber Industries, Ltd. Competitive Landscape & Innovations Michelin & Bridgestone – Leading in intelligent tire systems with integrated sensors. Trelleborg & Camso – Specializing in solid and resilient tire technology for extreme conditions. Goodyear & Continental – Developing low rolling resistance tires for energy efficiency. Future Opportunities Expansion in Smart Tire Technologies – Real-time tire pressure and temperature monitoring for improved efficiency. Growth in Electric & Autonomous Port Equipment – Increased demand for low-noise, high-traction tires. Sustainable & Recyclable Tire Solutions – Bio-based rubber and circular economy initiatives. R&D in Advanced Tread Patterns & Materials – Enhancing grip, stability, and wear resistance. Market Growth and Scope The market's growth is further propelled by the increasing adoption of automation and advanced material-handling technologies in ports and industrial facilities. Automated guided vehicles (AGVs), autonomous forklifts, and robotic material handlers are being deployed to improve operational efficiency and reduce labor costs. These automated systems require tires that offer precise handling, low rolling resistance, and extended service life to operate effectively. The integration of smart tire technologies, such as sensors and predictive maintenance tools, is also supporting the growth of the port and industrial tires market. Forklift Market Report Scope: Report Coverage Details Forecast Period 2023-2031 Base Year 2022 Size in 2022 US$ 8.6 Bn Forecast (Value) in 2031 US$ 13.8 Bn Growth Rate (CAGR) 5.3% No. of Pages 195 Segments covered Tire Type, Tire Size, Application, Vehicle Type, Sales ChannelGet your Sample Report to Boost Your Industry Knowledge for Valuable Insights: Top Market Trends Several notable trends are shaping the port and industrial tire market: Technological Advancements: Manufacturers are developing tires with enhanced load-carrying capacities, greater resistance to punctures and wear, and improved traction on various surfaces to meet the demands of modern port and industrial operations. Sustainability Focus: There is a growing emphasis on sustainable practices, with companies exploring the use of recycled materials and developing eco-friendly tire options to reduce environmental impact. Smart Tire Integration: The adoption of smart tire technologies, including real-time monitoring and predictive maintenance, is enhancing operational efficiency and reducing downtime in industrial applications. Future Outlook and Opportunities Expansion of automated warehouses and smart ports – Increasing demand for high-performance industrial tires. Advancements in non-pneumatic and airless tire technology – Reducing downtime and increasing reliability. Integration of AI-based predictive maintenance – Enhancing fleet management and cost efficiency. Growing adoption of retreading and sustainable tire solutions – Eco-friendly alternatives to reduce waste. Emerging markets in Asia-Pacific and Latin America – Increased infrastructure projects and port expansions. Challenges High Initial Cost of Advanced Tires – Potential barrier for cost-sensitive industrial sectors. Fluctuations in Raw Material Prices – Impacting overall profitability and pricing strategies. Stringent Regulations on Emissions & Waste Management – Compliance with environmental laws affecting manufacturing processes. Industry Segmentation and Regional Insights The port and industrial tire market is segmented based on tire type, vehicle type, sales channel, and application: Tire Type Solid Tires Pneumatic Tires Radial Bias PU Tires Cushion Tires Tire Size Less than 4' 5' to 7' 8' to 10' 11' to 15' More than 15' Application Forklift Class 1: Electric Motor Rider Trucks Class 2: Electric Motor Narrow Aisle Trucks Class 3: Electric Motor Hand Trucks or Hand/Rider Trucks Class 4: IC Engine Trucks (Solid/Cushion Tires) Class 5: IC Engine Trucks (Pneumatic Tires) Large Industrial Trucks Hand Trucks Pallet Trucks Dump Trucks Mining Applications Construction Applications Manufacturing Applications Vehicle Type Stacker Lift Truck Terminal Tractor Electric Forklift IC Engine Forklift IC Engine Industrial Trucks Sales Channel OEM Aftermarket By Region North America Europe Asia Pacific Middle East & Africa South America Geographically, Asia-Pacific holds the largest market share, driven by rapid industrialization and significant investments in port infrastructure. North America and Europe also represent substantial markets, with ongoing advancements in automation and material handling technologies contributing to demand. The port and industrial tire market is on a robust growth trajectory, supported by infrastructure expansion, technological innovations, and a focus on sustainability. As global trade and industrial activities continue to evolve, the demand for high-performance, durable tires is expected to rise, presenting significant opportunities for industry stakeholders. Buy this Premium Research Report: Why Decision-Makers Should Focus on the Port and Industrial Tire Market Strong Market Growth – A projected CAGR of 5.3% highlights increasing demand for durable, high-performance tires. Rising E-Commerce and Logistics Expansion – Increased warehouse operations drive higher tire consumption. Technological Advancements in Tire Design – Smart tires, RFID tracking, and low rolling resistance innovations. Sustainability and Retreading Trends – Growing demand for cost-effective and environmentally friendly solutions. Key Takeaways for Investors and Industry Leaders Tire manufacturers should invest in durable, fuel-efficient, and smart tire solutions. Logistics and fleet managers should adopt IoT-enabled tires for predictive maintenance and cost savings. Port operators and warehouse owners should focus on heavy-duty, puncture-resistant tire options. With rising industrial automation, port expansions, and increasing trade volumes, the Port and Industrial Tire Market presents significant business growth opportunities for tire manufacturers, logistics operators, and infrastructure investors. More Trending Reports by Transparency Market Research – Vehicle Subscription Market (سوق اشتراكات المركبات) - The market was valued at US$ 4.9 Bn in 2021 and it is estimated to grow at a CAGR of 21.1% from 2022 to 2031 and reach US$ 33.2 Billion by the end of 2031 Alternative Powertrain Market (Markt für alternative Antriebsstränge) - The industry was valued at US$ 99.0 Bn in 2021 and it is estimated to advance at a CAGR of 17.3% from 2022 to 2031 and reach US$ 567.7 Billion by the end of 2031 About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: Email: sales@ Follow Us: LinkedIn| Twitter| Blog | YouTubeSign in to access your portfolio
Yahoo
27-01-2025
- Automotive
- Yahoo
Bridgestone to close LaVergne tyre plant
Japanese tyre manufacturer Bridgestone Corporation announced it plans to close its tyre manufacturing plant in LaVergne, in the US state of Tennessee, as part of its strategy to 'optimize the company's business footprint, strengthen its competitiveness and enhance the quality of the US operations.' Bridgestone built the LaVergne plant in 1971. It currently produces radial tyres for trucks and buses, employing approximately 700 hourly workers and staff. Bridgestone Americas confirmed that the plant will cease operations at the end of July 2025, with the company also planning to reduce capacity and the workforce at its Des Moines agriculture tyre plant in Iowa. Bridgestone, which took over US tyre manufacturer Firestone Tire & Rubber Company in 1988, pointed out that it has invested in new, more modern tyre manufacturing facilities in the US in the last few decades, including in Warren County, Tennessee, and Aiken County, South Carolina. The company said it remains committed to contributing to society, the economy, and the mobility of people and goods across the US. Bridgestone said it has been updating and optimising its US business footprint recently, including its national headquarters, the technology center in Akron, Ohio, its Bandag retreading sites and its sales and service network including 2,200 retail stores. The company said in a statement: 'While adapting to the challenges of the business environment as Bridgestone continues to strengthen its core premium tyre business and sustainably create social and customer value, further optimization of the business footprint and costs becomes increasingly essential. Therefore, the decision to close the LaVergne plant has been made.' Bridgestone Americas president, Scott Damon, stated: 'Decisions like this are not easy because of the impact they have on our teammates and their families, and at the same time we are optimizing our business footprint for the future. We are confident that this decision will strengthen our core business, enabling us to operate more efficiently.' The company also said it is 'undertaking business rebuilding activities' in Latin America, including 'cost optimization efforts along with reductions in workforce and production capacity at its facilities and business operations in Argentina and Brazil.' "Bridgestone to close LaVergne tyre plant" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
