Tokyo – Bridgestone Corp. is restructuring the manufacturing of certain rubber products in accordance with its medium-term business plan which aims to streamline operations and reform the global cost structure.
As part of the move, production of precision components for office equipment will be halted at its diversified products plant in Iwata, Japan, Bridgestone said. ERJ August 2nd.
Production of the goods will be transferred to Bridgestone companies in China and the Philippines in the second half of 2023, the group said in a written statement.
As of July 2021, the operation had 198 employees.
Meanwhile, production of anti-vibration rubber will continue at the plant, but management of the operation will be transferred from Bridgestone Corp. at the subsidiary Bridgestone Elastech Co. Ltd from January 2022.
This company currently employs 158 people at the plant.
The Iwata plant will also begin producing fittings for piping systems in the second half of 2022.
The operation is transferred from the Japanese subsidiary Bridgestone Flowtech Corp. and the Philippine subsidiary BPMP.
Bridgestone said that consolidating manufacturing plants for each product will help improve competitiveness and strengthen the business structure for each product.
The Japanese group said it expects all employees at the Iwata plant, who are “highly skilled and experienced”, to continue working at Bridgestone after the restructuring.