Bridgestone Corporation has agreed to transfer 100 % of Bridgestone (Shenyang) Tire Co. Ltd. (BSSY) to Sailun (Shenyang) Tire Co. Ltd. for CNY 265 million, with completion targeted for 31 July 2025. The deal seals the Japanese group’s withdrawal from China’s truck and bus radial (TBR) segment that began in February 2024.
■ Buyer: Sailun (Shenyang) Tire Co. Ltd.
■ Seller: Bridgestone (China) Investment Co. Ltd. (wholly owned)
■ Equity sold: 100 % of BSSY
■ Price: CNY 265 million (≈ JPY 5.3 billion)
■ Planned closing date: 31 July 2025
■ Board approval: 14 July 2025
Bridgestone says the transaction will have only a minor effect on its 2025 consolidated results. BSSY’s 2024 accounts showed a sharp fall in net sales to CNY 23 million as the site wound down, underscoring the need to divest.
The acquisition adds a mothballed TBR facility in Shenyang to Sailun’s domestic footprint. The local producer may opt to restart output, repurpose the site for technology upgrades, or consolidate capacity to serve both export and domestic demand. The move aligns with Sailun Group’s ambition to grow share in the global commercial-tyre arena.
Global tyre majors are streamlining heavy-duty operations while Chinese manufacturers scale up. Bridgestone’s divestment illustrates a wider shift: premium-brand players are reallocating capital to high-margin PCR and EV-ready products, while domestic firms pick up legacy TBR assets to feed cost-sensitive fleets and export channels. Expect further plant handovers and joint ventures as the sector balances localisation with global supply resilience.
Tagged with: Bridgestone, Sailun, Shenyang tyre plant, truck and bus radial tyres, TBR market, China tyre industry, plant sale, commercial tyre exit
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