Major Expansion Plan from World-Renowned Tiremakers!

Recapped from the foreign media report, Bridgestone has approved plans to intensify investments in its Southeast Asian natural rubber plantations. The plan proposes to invest US$26.7m by 2030 to ensure a sustainable supply of natural rubber for tire production.

Bridgestone believes securing a reliable supply of natural rubber resources is a crucial step toward its ambitious plan to double the harvest of natural rubber in specific areas compared with what it is capable of today. The natural rubber plantation initiatives align with Bridgestone's long-term vision to accelerate environmental sustainability and achieve its 2050 target of becoming net-zero carbon dioxide emissions.

On the other hand, world-renowned tire manufacturer Sumitomo Rubber Industries plans to increase its high-performance tire production capacity in plants throughout Japan, China, Thailand, and Turkey. Among them, large EV tire production capacity in cities such as Kankiri (Turkey), Changshu, and Hunan (China) has gradually increased. Sumitomo also increased large-size PCR tire production capacity in Miyazaki (Japan) and Amati (Thailand) plants.

The decision is made to counter rising costs of raw materials, energy, and logistics, as well as the unfavorable factors caused by the volatility in global trade.

Never miss any important update in the tire industry by subscribing to our regular newsletter on CITEXPO Official Facebook Page. Visit our online platform CITEXPO Direct to get free access to more than 170+ accredited manufacturers from China.