Goodyear Plans Ecuador Expansion

Goodyear has said that it plans to increase sales in Ecuador this year by a third; from US$9 million to $12 million. The company plans to sell more than 200,000 tyres and increase the number of service centres in the country from 23 to 37 by the end of the year. The US plans to negotiate a free trade agreement with Ecuador, which Goodyear says would provide incentives for local tyre manufacturers to increase efficiency and competitiveness.