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Article: Bridgestone holds tight to top spot for 2006; Bridgestone Corp retained its spot as the world's largest tyre maker in 2006, just barely ahead of Michelin, behind an 11-percent spurt in sales.(Global Tyre Report)
- Article from:
- European Rubber Journal
- Article date:
- November 1, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bruce Davis ERJ Akron bureau
A 5.6-percent shift in the value of the yen against the dollar during the year nearly halved Bridgestone's growth in dollar terms. The two competitors ended the year in a virtual tie, based on tyre-related sales, with Bridgestone at $19 400 million ([euro]13 800 million) and Michelin at $19 300 million.
Michelin posted a sales gain of 5.1 percent, and the euro-dollar exchange rate shifted only 1 percent.
Bridgestone's claim to the top spot is bolstered by its 44-percent holding in Turkey's Brisa Bridgestone Sabanci Tire Mfg. Co Ltd. Bridgestone and Turkey's Sabanci Holdings hold equal shares in the company, ...