Materials costs, non-tire unit hit Bridgestone results

Tokyo – Bridgestone Corp. has seen a 23% year-on-year decline in first quarter operating income on 1% lower sales, the company reported 13 May.

Operating income fell to Yen77.1 billion (€625 million), mainly due higher raw materials costs and an ongoing restructuring within Bridgestone’s diversified products unit.

Bridgestone is currently in the middle of restructuring its diversified products operations to focus more on “solution” packages, the company told ERJ in November last year.

The unit manufactures conveyor belts, hydraulic hoses, rubber tracks, seismic shock-absorbers, automotive parts, construction materials…

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