Bridgestone Sells Shenyang, China TBR Plant to Sailun for $37 Million

Bridgestone Corporation is officially exiting the commercial tire manufacturing business in China, finalizing a deal to transfer all shares of its previously shuttered truck and bus radial (TBR) tire plant in Shenyang to Sailun Group for 265 million CNY (approx. $37 million). The Bridgestone Shenyang plant sale signals a continued strategic retreat by Bridgestone from China’s commercial vehicle sector and a ramp-up by Sailun, which has aggressively pursued growth both domestically and globally. …

Source: Tire Review