Goodway Eyes Up Further Expansion

Malaysia’s Goodway Integrated Industries has expanded its rubber compound and tyre retreading business through the acquisition of a number of assets from Autoways (Malaya) and the turnaround of operations at retreader Big Wheel (Sabah), acquired by Goodway in August 2005.

The Autoways assets acquisition cost Goodway £1.13 million and will boost the company’s rubber compound and retreading capacity. Goodway says it is now considering the possibility of expanding overseas, including to the Middle East and Africa.