Bridgestone Americas Announces Divestiture Of Its Venezuela Operations To The Corimon Group

Bridgestone Americas announced that it has reached an agreement to divest its business in Venezuela, Bridgestone Firestone Venezolana C.A to the Corimon Group.                                              

 

This divestiture follows BFVZ deconsolidation in the third quarter of 2015, and a strategic decision to prioritize Bridgestone’s growth and investment in other Latin American markets.

Due to the fact that the Venezuela operations were deconsolidated from Bridgestone Americas last year, this divestiture will have no financial impact on the company.

 

Bridgestone is proud of the 62 years it served the Venezuelan people and wishes the best of success to the new owners of the company and to employees as they begin this next phase under new management.

Bridgestone Firestone Venezolana C.A. will now become Alice Neumáticos de Venezuela, a company managed by the Corimon Group.

 

About Bridgestone Americas:
Nashville, Tennessee-based Bridgestone Americas, Inc. (Bridgestone) is the U.S. subsidiary of Bridgestone Corporation, the world’s largest tire and rubber company. Bridgestone and its subsidiaries develop, manufacture and market a wide range of Bridgestone, Firestone and associate brand tires 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 are also engaged in retreading operations throughout the Western Hemisphere and produce air springs, roofing materials, and industrial fibers and textiles. The Bridgestone family of companies also operates the world’s largest chain of automotive tire and service centers. Guided by its One Team, One Planet message, the company is dedicated to achieving a positive environmental impact in all of the communities it calls home.

 

Share post:

Subscribe our newsletters

Popular

More like this

China to Invest in Tehran-Mashhad High-Speed Rail in Iran

Iran’s transport minister has confirmed that the country is...

Nokia 5G Radio System Drives Next-Gen Railway Connectivity

Nokia has unveiled a comprehensive high-speed, high-capacity, and low-latency...

Rolls-Royce to Supply Engines for High-Speed Trains in Saudi

Rolls-Royce mtu engines will power more Saudi Arabian high-speed...

The Panama Canal Celebrates 111 Years Of Global Service

The Panama Canal celebrates 111 years of operation, reaffirming...