Bridgestone plans huge investment

Oct. 23, 2007

Bridgestone Corp. plans to make capital investments of 250 billion yen per year over the next five years in an effort to establish itself as "the world number one tire and rubber company," according to company officials.

The investment strategy is mentioned in Bridgestone's Mid-Term Management Plan, which was released yesterday.

Following the plan will enable Bridgestone to achieve its goals of four trillion yen in sales and an 80% increase in operating income by 2012, say officials.

For more information about the tiremaker's plans, see "Bridgestone sets sales, income goals in Mid-Term Management Plan," posted on earlier today, Oct. 23.