Bridgestone adds more detail to management plan

Tokyo - Following the release yesterday of Bridgestone's mid-term management plan, the company has added more detail to yesterday's report.

A Bridgestone spokesperson confirmed the company's level of capital expenditure will be "between the current level and approx. ¥250 000 million (€1550 milion) annually until 2012."

Asked about a possible tyre factory in Russia, Bridgestone said, "We have studied it but what we actually focus on now is to enhance our sales channel in Russia. We have no practical plan for Russian plant at this moment."

Asked about the company's intentions for its retread activities in Europe, Bridgestone said, "We will aggressively promote "a solution business" where new tyre business, retread business and overall related services are combined. In order to achieve it, we will make full use of know-how of Bandag such as the way to supply retread and related services.

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Press release from Bridgestone giving broad outline of mid-term management plan