Investment trends in the global tire industry in 2024 Against the backdrop of a complex and changing global economic situation, the investment landscape of the tire industry in 2024 is undergoing profound changes, showing a trend of parallel investment growth and structural adjustment, with new opportunities and challenges coming one after another. In recent years, the global tire industry has continued to invest heavily, with investment in new production capacity and factory upgrades reaching unprecedented levels. In the past year, tire manufacturers' budgets in this regard far exceeded US$13 billion, setting a new record for cumulative investment in 12 months over the past four decades (data source: ERJ).

New changes in Bridgestone's management On December 16, Japan Bridgestone Corporation issued a notice on senior management changes, indicating that in addition to serving as CEO of Bridgestone Corporation's Bridgestone East regional business and G-MICA (global mining, industrial, construction and aviation tire solutions business), Mr. Nobuyuki Tamura will become Chairman and Representative Board Member of Bridgestone Bicycle Company from January 1, 2025, succeeding Eitiko Fumihiko, who will retire on December 31, 2024.