In the first quarter of fiscal 2012(January 1 to March 31, 2012), the Companies’ operating environment was plagued by raw material prices remaining at relatively high levels and the continuing strong Japanese yen. Despite these challenges, the domestic economy showed signs of recovery, including demand created by re-building from the Great East Japan Earthquake and rebounding sales of new vehicles. The United States economy was gradually recovering, while the financial crisis had had an impact and damaged the European economy. Asian economic expansion showed signs of a slowdown, particularly in China and India.
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About Bridgestone EMEA (Europe, Middle East and Africa)
Bridgestone EMEA, with headquarters in Brussels, Belgium, is a wholly owned subsidiary of Tokyo-based Bridgestone Corporation, the world’s largest tyre and rubber company. Bridgestone EMEA operates in more than 60 countries and has over 18200 employees. Across the region it has 14 tyre and tyre related plants, a major R&D Centre and a proving ground. Bridgestone EMEA’s premium tyres are sold in Europe, Middle East, Africa and globally.