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Bridgestone to shut Japan bicycle plant in turnaround move

Overstretched tire giant suffered first net loss in decades last year

Bridgestone's concept shop Ratio & C in Tokyo's Shibuya district also closed down this month.

TOKYO -- Japanese tire producer Bridgestone will close a domestic bicycle factory under plans announced Monday as part of its larger efforts to climb back into the black.

The Kisai plant in Saitama Prefecture, operated by group company Bridgestone Cycle, will shut its doors for good in June. Its roughly 170 personnel will be reassigned elsewhere.

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