Город: Москва
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8 800 300-65-10
Город: Москва
Ваш регион
8 800 300-65-10

Bridgestone selling synthetic rubber business in China

Bridgestone Corp. is selling its synthetic rubber production business in China to Taipei-based materials and chemicals supplier LCY Corp., in line with the group's mid-term (2021-2023) business plan to ‘rebuild earning power’.


As part of the deal, the Japanese manufacturer will sell all shares of Bridgestone (Huizhou) Synthetic Rubber Co. Ltd (BSRC) to LCY Chemical Corp. by 14 Dec, said a 15 June statement. 


BSRC has one synthetic rubber production plant in Huizhou, Guangdong Province and posted sales of Yuan399 million (€51 million) in 2020. 


Operational since late 2008, the plant manufactures 50 kilotonnes per annum of styrene butadiene rubber, and supplies to Bridgestone's tire production factories in China. 


Through the sale, Bridgestone expects BSRC to “make new synergy with LCY” and maximise growth, given the Taiwanese company’s “excellent expertise for materials and chemicals business.”


Bridgestone said the move is part of its mid-term business plan which will see the Tokyo-based group enhancing the earning power of its core tire business through cost-cutting and restructuring measures.