Bridgestone
| The Bridgestone Corporation Company logo | |
| Company type | Public (TYO: 5108) |
|---|---|
| Industry | Manufacturing |
| Founded | 1931 by Shojiro Ishibashi |
| Headquarters | Tokyo , Japan |
Key people | Chairman of the Board, CEO and President,Shoshi Arakawa |
| Products | Motor Vehicle Tyres |
 $2138 in Hundred Million YEN (2005) | |
| $129 in Hundred Million YEN (2005) | |
Number of employees | 123,727 (As of December 31, 2005) |
| Website | www.bridgestone.com |
Bridgestone Corporation (株式会社ブリヂストン, Kabushiki-gaisha Burijisuton) (TYO: 5108) is a Japanese rubber conglomerate founded in 1931 by Shojiro Ishibashi (石橋正二郎, Ishibashi Shōjirō) in the city of Kurume, Fukuoka, Japan. The name Bridgestone comes from a literal translation and transposition of ishibashi, meaning "stone bridge" in Japanese. It is currently the largest tire manufacturer in the world.
Bridgestone is currently ranked as the top company in the global tyre market, with Michelin second and Goodyear third. As of the end of 2005, production facilities belonging to the Bridgestone Group have increased to 141 spread throughout twenty-four nations of the world. In order to attain this level of globalization, the company established a new set of corporate policies in the year 2001. In continuation of this, company's Brand Vision was also established in 2003.
Company origins
The name Bridgestone was supposedly used because of fear that Americans would not respond well to a foreign company.
The very first Bridgestone tyre was produced on April 9th, 1930, by the Japan "Tabi" socks Tyre Division. Nearly one year after first tyre was born, on March 1st, 1931, the founder, Shojiro Ishibashi, made the Japan "Tabi"socks Tyre Division independent and established the Bridgestone Tire Co., Ltd. in the city of Kurume, Fukuoka Prefecture. Foregoing dependence on European and North American technology, the Bridgestone Tyre Co., Ltd. set its eyes on manufacturing tyres based solely on Japanese technology, but experienced many difficulties in the areas of technology, production and sales in the early days. Overcoming these problems, it was not long before improvements were achieved in quality, and business rapidly expanded on both the domestic and overseas markets.
Challenges during and after World War II
Wartime regulations were in effect throughout the whole of Japan, and tyres also came under the jurisdiction of these regulations. This resulted in nearly all of the company's output being used to satisfy military demand. 1945 saw the end of armed conflict, but the company was devastated by the war. The Tokyo Headquarters building was destroyed during an aerial bombing raid, and all overseas assets were lost. Fortunately, the plants in Kurume and Yokohama escaped unscathed, and production was able to recommence immediately after the war ended. Brushing aside the problems caused by a labour union strike that lasted for forty-six days, the foundations of the company were further reinforced after this.
After World War II Bridgestone started manufacturing motorcycles, but its main income was from supplying tyres to its rival motorcycle makers such as Honda, Suzuki and Yamaha and it was later decided to cease motorcycle manufacturing.
Technological innovation
In 1951, Bridgestone was the first company in Japan to begin selling rayon cord tyres, and a five-year project to modernize production facilities was started. This year also saw another Bridgestone building opened in Kyobashi, Tokyo, which contained the Bridgestone Museum. Sales surpassed ten billion yen in 1953, placing Bridgestone at the top of tyre industry in Japan, and celebrations were held to commemorate the 25th anniversary of the company's foundation in Kurume.
The sale of nylon tyres was started in 1959, and work forged ahead with the construction of the new Tokyo plant, which was opened in 1960, in order to cope with the fast-expanding market for motorization.
Radial tyres and overseas expansion
The company issued shares and was listed on the stock exchange in 1961, and moved across to a new system of administration with Shojiro Ishibashi as the chairman, and Kanichiro Ishibashi as the president. As part of the transition across to administrative reform, the Deming Plan in honour of W. Edwards Deming, which involves overall quality control activities, was adopted, and the company was awarded the prestigious Deming Prize in 1968.[1] Also, additions were built onto the Tokyo plant in 1962 to house the new Technical Centre, and a progressive system of research and development was established. On the product front, 1967 saw the sale of first ever radial tyre, the RD10. Bridgestone's first overseas plant since the end of the war was opened in Singapore in 1965, and production was also commenced in Thailand in 1969. The 60s for Bridgestone was an era of overseas expansion that also included the establishment of Bridgestone America in the United States in 1967 to act as Bridgestone's USA representative sales branch.
At the start of the period of Japan's economic stagnation brought about by the first oil shock, the company was placing even more emphasis on establishing its own technology for the manufacture of Radial Tyre's, and it was also at this time that further domestic plants were constructed and fitted out. Its Super Filler Radial was placed on the market in 1978, and in 1979 the company introduced the high-performance POTENZA radial tyre. The company was actively engaged in overseas expansion activities at this time, and in addition to starting up production in Indonesia and Iran in 1976, it was also invested in a Taiwan tyre manufacturer and purchased a tyre plant and a plant for diversified products in Australia in 1980. The founder, Shojiro Ishibashi, died on September 11th, 1976.
On March 1st, 1981, the company celebrated its 50th anniversary since its foundation. At the same time, the company initiated activities to strengthen its home base that supported overseas expansion strategy with the aim of being ranked as one of the world's top three manufacturers of rubber products. New production facilities were also established in Thailand, India, Poland, China, the United States and other countries, and this has spurred the company on in the quest for globalization. To further establish corporate identity, the company changed the name from Bridgestone Tyre Co., Ltd. to Bridgestone Corporation in 1984.
Placing considerable financial and personnel resources into rebuilding Firestone after the purchase, Bridgestone achieved surplus annual profits for the year 1992 with BFE(Bridgestone Firestone Europe) and again in 1993 with BFS(Bridgestone Firestone USA). The Firestone Tire and Rubber Company and Bridgestone Tyre Company Ltd USA were amalgamated in 1990 and became "Bridgestone Firestone North American Holdings Ltd". In order to increase the Firestone subsidiary's brand awareness, Bridgestone Firestone NAH Ltd, re-entered the Firestone brand into IndyCar racing in 1995, and in 1997 Bridgestone Corporation Japan entered the Bridgestone brand into F1 racing.
Bridgestone's Global Locations
Bridgestone has major manufacturing plants in many countries around the world. Presently (2007) Bridgestone has 57 Tyre plants, 98 Diversified Product plants, and 4 Major Technical Centres globally. Some of the major plants are located in:
| EUROPE | AMERICAS | ASIA/OCEANIA | MIDDLE EAST/AFRICA |
|---|---|---|---|
| Italy | North America | Japan | Iran |
| Hungary | Argentina | Australia | Turkey |
| Poland | Brazil | New Zealand | South Africa |
| Spain | Costa Rica | China | Liberia(raw materials) |
| France | Puerto Rico | India | |
| Belgium | Mexico | Indonesia | |
| Venezuela | Korea | ||
| Chile | Taiwan | ||
| Canada(raw materials) | Thailand | ||
| Malaysia | |||
| Philippines |
Australia
Bridgestone Australia began as the SA Rubber Mills in 1939. In 1980 Bridgestone took over the Australian plants which were at that time operated by the Uniroyal Tyre Company. Bridgestone Australia[2] has three major manufacturing plants in Australia. A tyre factory located in Salisbury, South Australia and an Automotive Components Division located at Edwardstown, South Australia. The Edwardstown plant is operated under the BSTG company name which is a joint venture with Toyoda Gosei. The third plant located in Dandenong, Victoria, is a manufacturer of Bridgestone Brand (Airstep) Carpet Underlay. Bridgestone has State Offices in All states of Australia and has a large number of retail outlets across the country.
In 2002 Bridgestone Australia Ltd purchased the BANDAG Retreading plant and its operations in Australia. Bandag Manufacturing Pty Limited[3] has 35 Franchised Bandag Dealers across Australia, New Zealand, Fiji, Papua New Guinea and Noumea.
Bandag Manufacturing Pty Limited is a wholly owned subsidiary of Bridgestone Australia Limited and operates under license to Bandag Incorporated.[4] In 2006 Bridgestone purchased Bandag Incorporated, which is now a subsidiary of Bridgestone Corporation. The combination of Bandag Cold Process Retreads and premium new tyres provides road transport operators with one of the most cost effective and reliable tyre solutions on the market today.
From the purchase in 1981, The Australian operations of Bridgestone have been run as a publicly listed company on the Australian Stock exchange. Bridgestone Corporation has maintained a majority share holding. As of mid 2007 the Australian operation will be delisted from the Australian Stock exchange and become a solely owned Division of Bridgestone Corporation (pending minority shareholder approval as per Australian Corporate Law).
Europe
Bridgestone EU has its head office in Brussels, Belgium and was set up in 1972. There are 7 production plants in the region and 32 hectare research and development centre near Rome, Italy. The company distributes more than 20 million tyres a year through 17 national sales subsidiaries and 2 distributors. They directly employ over 10,100 people with the CEO being Mr Arakawa.
At present there are national headquarters in the following locations: Vienna, Austria; Prague, Czech Republic ; Hinnerup, Denmark ; Vantaa, Finland ; Fresnes, France ; Bad Homburg, Germany ; Athens, Greece ; Budapest, Hungary ; Dublin, Ireland ; Milan, Italy ; Moerdijk, The Netherlands ; Oslo, Norway ; Warsaw, Poland ; Alcochete, Portugal ; Madrid, Spain ; Sundsvall, Sweden ; Spreitenbach, Switzerland and Warwick, UK. Bridgestone EU run a continent wide scheme called Truckpoint wherein fleets can take their vehicles to any Bridgestone approved garage throughout Europe and get Bridgestone specialist work carried out on their tyres.
The managing director in the UK and Northern Europe is John McNaught. There are no Bridgestone factories in the UK but there is a technical bay at which tyres returned by dissatisfied customers are inspected in Coventry.
North America
As part of reinforcement plans, the company purchased a plant in Tennessee from the Firestone Tire & Rubber Company, first manufacturing plant in North America, and started the production of Radial tyres for Trucks and Buses in 1983. In May 1988, a take-over bid for America's No.2 tyre manufacturer Firestone Tire and Rubber Company was successful and Firestone was placed under the Bridgestone umbrella as a subsidiary company, This purchase brought a large number of the Firestone global production sites into the Bridgestone company, these sites included, North America, Central and South America, Europe, New Zealand and other locations, Bridgestone also commenced production in Turkey.
Nashville-based Bridgestone Americas Holding, Inc. (BSAH) is the U.S. subsidiary of the Bridgestone Corporation, the world’s largest tyre and rubber company. BSAH and its subsidiaries develop, manufacture and market a wide range of Bridgestone, Firestone, Dayton and associate brand tyres to address the needs of a broad range of customers, including consumers, automotive and commercial vehicle original equipment manufacturers, and those in the agricultural, forestry and mining industries. The companies also produce air springs, roofing materials, synthetic rubber and industrial fibres and textiles and operate the world’s largest chain of automotive tyre and service centres.
Bridgestone and Formula One Racing
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Bridgestone supplies tires to the Ferrari, Williams, Toyota, Super Aguri and Spyker (formerly Midland) Formula One teams as a major sponsor, all other F1 teams use Bridgestone Tyres.
From 2008 to 2010 Bridgestone will be the sole tyre supplier to the FIA Formula One World Championship.[5] However, because Michelin chose to conclude its Formula One tyre program at the end of the 2006 season, all teams will use Bridgestone tyres for the 2007 season.
One of the major factors controlling the cornering speed of the cars is the design of the tyres. Tyres in Formula One are not 'slicks' (tyres with no tread pattern) as in most other circuit racing series. Each tyre has four large circumferential grooves on its surface designed to limit the cornering speed of the cars.
Formula One Rules On Tyre Use as of 2005: One set of tyres for both qualifying and race; replacements due to damage (must be as worn down as those already on the car). However, this rule was rescinded for the 2006 season, allowing tyre changes on each service stop.
| Ferrari | Toyota | Williams F1 | Midland F1 | Super Aguri |
|---|---|---|---|---|
| M Schumacher | R Schumacher | M Webber | T Monteiro | T Sato |
| F Massa | J Trulli | N Rosberg | C Albers | S Yamamoto |
| Pos | Tyre | Seasons | Started | Won | WC Drivers | WC Constr. |
|---|---|---|---|---|---|---|
| 2 |  Bridgestone
|
1976–2006 | 173 | 104 | 7 | 7 |
| 5 |  Firestone
|
1950–1975 | 121 | 49 | 3 | 3 |
see also: List of Formula One records, for the full list of the nine tyre manufacturer's who had competitors in Formula One races.
Diversified Products
The predecessors of Bridgestone began making diversified products[6] in the 1930s, soon after they started making tires. Today, Bridgestone diversified operations encompass automotive components, industrial products, polyurethane foam products, construction materials, parts and materials for electronic equipment, bicycles and sporting goods. Diversified business generates about one-fourth of total sales in the Bridgestone Group. Automotive parts are an especially large line of business for Bridgestone in diversified operations. Bridgestone supply automakers with vibration-isolating components, such as engine mounts. Bridgestone also supply air springs for trucks, automobiles and train carriages. Bridgestone market aluminium wheels and other automotive accessories, too.
Industrial Products
Bridgestone's industrial products span a vast range of items. They include polyurethane foam for automotive seats and interiors, for bedding and furniture and for insulation and sealing in appliances and buildings; water hoses; marine hoses for loading and unloading oil tankers; specialty precision hose products, such as wire-blade hose for construction equipment and machine tools; conveyor belts; and rubber tracks for crawler tractors. Additionally, they make retreaded tires for aircraft. Their corporate headquarters for the Bridgestone Aircraft Tire division is located in Miami, FL,
The Bridgestone product line in construction and civil engineering materials is similarly broad. Bridgestone supply Multi-Rubber Bearings for installing in foundations to protect buildings from earthquakes, inflatable rubber dams for managing waterways, marine fenders for protecting wharves, additives for pavement, waterproofing sheet, rubberized ceiling and roofing materials, panel tanks for storing water, bath fixtures and residential flooring, air and water systems.
Bridgestone's line of products for electronic equipment includes precision rollers for office machines and functional films for solar cells and plasma displays. In sporting goods, Bridgestone market golf balls and clubs and tennis balls and rackets. Bridgestone's line of bicycles is Japan's most extensive - see above information re-Anchor Cycles.
Bandag
On December 05, 2006, Bridgestone Americas and Bandag Inc. announced a merger agreement which will see Bridgestone acquire Bandag, a leading tire (mainly truck) re-treader with over 900 franchised dealers worldwide. Bridgestone's president in Tokyo explained: "Higher fuel prices are prompting customers to cut costs [by using retreads]. It takes time and costs to develop this size of business. We were able to get that all at once." The transaction is valued at approximately US$1.05 billion. [1]
Bridgestone Cycle Co LTD - Anchor Cycles
The Bridgestone Cycle Co Ltd[7] originated in 1949. It offers bicycles under its own brand and under the Anchor brand.[8]
The US marketing director of the Bicycle division developed a reputation for resisting popular trends in the bicycle industry and instead following his own personal philosophy of building dependable bicycles.
The company was an innovator in the nascent mountain bike scene, designing mountain bicycles with shorter chain-stays and steeper frame angles than was currently popular.
This made the bicycle more nimble and a better climber, and the rest of the industry adopted Bridgestone's model.
Bridgestone Aircraft Tire
Bridgestone Aircraft Tire (USA) is a manufacturer or aircraft tires as well as retread servicing. Bridgestone America's Holdings announced in May 2006 that it would be moving its Miami, FL aviation operation to its new 160,000 square foot facility located in Mayodan,NC, this move is expected to be completed by mid 2007 and will create 95 new jobs. CEO and President of Bridgestone Aircraft Tire (USA) Joe Rayna is quoted as saying; "This move allows us to continue to prepare for a changing market, both in demand and in product mix, New modern aircraft, such as the Boeing 787 Dreamliner and Airbus A380, arrive fitted with new Bridgestone technology aircraft tires, and this new facility will complement that technology"[2]. Bridgestone Aircraft Tire (USA) has been a major supplier of aircraft tires and retreads to the aircraft industry for over 70 years and has sister aviation facilities in Tokyo, Hong Kong and Belgium.
Golf products
Today Bridgestone shares the same passion for the game of golf as its founder, Mr. Ishibashi, who converted his golf passion into a commercial success when Bridgestone first produced golf balls in 1935.
Along with technical developments in tire technology came breakthroughs in golf ball technology that have led Bridgestone to be the number one golf ball producer in Japan.
Design and production of golf clubs followed in 1972 with the same passion for excellence propelling Bridgestone to a leadership position in the current marketplace.
Bridgestone has global coverage of its golfing products with major divisions in USA(Bridgestone Golf USA)[9] and Australia(Bridgestone Golf Australia).[10]
Bridgestone e-reporter
Bridgestone e-reporter is a pan-European competition for aspiring young sports journalists, open to all students aged 18-30, who are in full-time education.
Now in its fourth year, Bridgestone e-reporter continues to provide up-and-coming writers with the opportunity of a lifetime - first hand experience of interviewing GP2 drivers and issuing race reports from a European GP2 race weekend.
The 2007 competition was officially launched on 1 February 2007 with the deadline for entries at 12.00 GMT on 31 March 2007.
Bridgestone is sole tyre supplier for the GP2 series, an open-wheeled racing championship that is widely regarded as the feeder series for Formula One.
Bridgestone e-reporter Homepage
References
- ^ http://www.juse.or.jp/e/deming/10_prizelist.html#01
- ^ http://www.bridgestone.com.au Bridgestone Australia
- ^ http://www.bandag.com.au Bandag Manufacturing Pty Limited
- ^ http://www.bandag.com Bandag Incorporated
- ^ http://www.formula1.com/news/4601.html Formula One News
- ^ http://www.bridgestone.co.jp/english/diversified/ Diversified Products
- ^ http://www.bscycle.co.jp/en Bridgestone Cycle Co
- ^ http://www.anchor-bikes.com Anchor Bikes
- ^ http://www.bridgestonegolf.com Bridgestone Golf USA
- ^ http://www.bridgestonegolf.com.au Bridgestone Golf Australia.
External links
Main
- Template:Ja icon Bridgestone Corporation Japanese Homepage
- Template:En icon Bridgestone Corporation English Homepage
MotorSport
- Template:En icon Bridgestone Motorsport English Homepage
- Template:En icon Bridgestone e-reporter Homepage