Bridgestone aims for $3.44 billion operating profit in 2012
By Steph, 23 Oct, 2010. 0 Comments
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To achieve an operating profit of 280 billion yen ($3.44 billion) in 2012, Bridgestone Corp. plans to expand sales globally and reduce costs. This is an 8% increase over the 157 billion yen forecast for this year. Under the Japanese tire maker’s new mid-term business plan, it seeks to increase its annual revenue by 21% to 3.5 trillion yen by 2012 from this year. In a statement, Bridgestone revealed that it will capitalize on new products, including better-performing passenger car tires and special tires such as for mining vehicles and aircraft. It also seeks to achieve the targeted profit growth by creating a larger presence in growing markets. On the Automotive News Europe list of the top 100 global suppliers, Bridgestone ranks No. 43 with sales to automakers of about $3.48 billion in 2009. Bridgestone is the world's largest tire maker and is trailed by France's Michelin. [via autonews - sub. required]
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