RNS Number : 1446Z
19 May 2021
Asset Value Investors (AVI) Submits Proposals to NS Solutions to Reduce ¥145 billion in Surplus Assets While Investing More Proactively to Capture DX-related Growth
NS Solutions has rejected AVI shareholder proposals without disciplined quantitative analysis of surplus assets in relation to capital investment needs Blanket rejection of AVI s proposals without quantification is symptomatic of management culture under the influence of controlling shareholder Nippon Steel Corporation
Asset Value Investors ( AVI ) today publicly released a letter to NS Solutions Corp (TYO 2327) ( NSSOL ) responding to NSSOL s rejection of AVI s shareholder proposals which were submitted in April and can be found on
Acquisition expands Bridgestone’s global mining solutions business in key markets such as Australia, Chile and South Africa.
Otraco’s extensive service network and world-class tire solutions portfolio will strengthen the way OTR customers are served by Bridgestone worldwide.
The transaction is targeted for completion by the end of 2021.
Bridgestone Corporation (Bridgestone) has this week announced that its group company Bridgestone Mining Solutions Australia Pty. Ltd., has entered an agreement to acquire Otraco International Pty Ltd (Otraco), a leader in Off-the-Road (OTR) tire management solutions, from Downer EDI Limited. This acquisition will accelerate the growth of Bridgestone’s global mining solutions business and expand the company’s service network in key markets such as Australia, Chile and South Africa.
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TOKYO Bridgestone Corp. plans to invest nearly $94 million over four years to make its Shimonoseki, Japan, off-the-road tire plant greener in terms of renewable energy use and cleaner handling of waste water.
The investment, which will start in 2022 and run through year-end 2025, reflects goals set forth in Bridgestone s longer-term strategic growth strategy, which are part of the firm s Mid-Term Business Plan.
New equipment earmarked for the plant will enhance the company s production system in terms of safety, disaster preparedness, eco-friendliness, quality and productivity, Bridgestone said, without quantifying the potential effects on the factory s production capacity. The 51-year-old, 2.8 million-sq.-ft. factory is rated at 250 metric tons of output a day.
Bridgestone to upgrade Japanese OTR tire plant
Bridgestone to upgrade Japanese OTR tire plant
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TOKYO Bridgestone Corp. plans to invest nearly $94 million over four years to make its Shimonoseki, Japan, off-the-road tire plant greener in terms of renewable energy use and cleaner handling of waste water.
The investment, which will start in 2022 and run through year-end 2025, reflects goals set forth in Bridgestone s longer-term strategic growth strategy, which are part of the firm s
New equipment earmarked for the plant will enhance the company s production system in terms of safety, disaster preparedness, eco-friendliness, quality and productivity, Bridgestone said, without quantifying the potential effects on the factory s production capacity. The 51-year-old, 2.8 million-sq.-ft. factory is rated at 250 metric tons of output a day.