Goodyear India to transfer truck capacity to agri production

In its 2011 Annual Report, Goodyear India Limited shares that it intends to phase out production of cross-ply medium commercial truck tyres and transfer the freed-up capacity to the manufacture of agricultural tyres. “In the farm segment, growing levels of farm mechanisation and subsequent growth in all agriculture related industries should provide your company with attractive growth prospects,” stated the Annual Report, adding that the majority of agricultural products currently sold by Goodyear Indian are cross-ply construction.

India’s tractor industry enjoyed growth of 18.3 per cent in 2011, and along with redeploying truck tyre capacity to the agricultural segment, Goodyear India also says it “plans to introduce radial technology by targeting OE and replacement customers.”