Japan’s Bridgestone Sees Profits Jump 64%
Japan's Bridgestone saw profits jump 64% in the first 9 months of this year.
Bridgestone is the world's largest tire and rubber products maker.
And, yup, cars are selling like crazy everywhere.
Profit for Bridgestone during the first nine months – $714 million!!
Michelin SA of France is Bridgestone's main competitor, but Bridgestone wins in global revenue.
Increased overseas production and new products were at the heart of
Bridgestone's robust sales.
Some 80% of the company's business…tires.
Bridgestone has a plan to spend $2.17 billion over the next five years to increase tire production capacity. They already have 1/3 of that in the bank on profits alone this year.
By 2012, Bridgestone wants annual sales of Y4 trillion!! ($35 billion). With the car industry growing the way it is, why not?
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