Mitsubishi Takes 20% Stake in Toyo Tire & Rubber Co.
Toyo Tire & Rubber Co., Ltd. entered into a capital and business alliance agreement with Mitsubishi Corporation to issue new shares of Toyo Tire through a third-party allotment, which gives the carmaker a 20% stake in Toyo’s business.
Update: Bridgestone Opening Russian Plant
In the second half of 2016, Bridgestone Corp. will open its first manufacturing facility in Russia. Located in the Ulyanovsk region, the plant will go by the name Bridgestone Tire Manufacturing C.I.S. The $147.7 million project will be built in cooperation with Mitsubishi Corp. Bridgestone will own 90% of the operation and Mitsubishi 10%. The
Bridgestone to Open First Russia Plant
Bridgestone Corp. will open its first facility in Russia, located in the Ulyanovsk region, in the second half of 2016, Russian media reports. The $147.7 million project will be built in cooperation with Mitsubishi Corporation and will create about 800 jobs. A Bridgestone official told media the plant will produce 2 million tires annually at