Bridgestone raises '03 capex to 190 bln yen

Newswire

TOKYO, Feb 21 (Reuters) - Bridgestone Corp said on Friday it would increase its capital expenditure to 190 billion yen ($1.6 billion) in 2003, focused mainly on its overseas plants, from 116.7 billion yen in the previous year. The firm, Japan's largest tyre maker, earlier announced a 161 percent rise in consolidated net profit to 45.38 billion yen in 2002 on the back of brisk exports. Bridgestone President Shigeo Watanabe said at a briefing on the tyre maker's 2002 results that the ...

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