Goodyear To Buy Remainder of Sava

In June, Goodyear will exercise its option to acquire the remaining 20 per cent of Slovenian tyre manufacturer Sava for approximately US$ 52 million. Goodyear originally purchased 60 per cent of Sava in 1988, acquiring another 20 per cent four years later. So far Goodyear has invested in excess of US$ 100 million in modernisation.

Last year, the Sava factory at Kranj produced over seven million tyres for cars, light trucks and commercial vehicles. More than 80 per cent of these were exported, to 70 countries. .