Goodyear to Build New Factories in Asia, Eastern Europe
On August 15 Goodyear made mention of plans to build new tyre factories in Asia and Eastern Europe in addition to expanding capacity at existing facilities. These new additions come as part of the tyremaker’s plans to increase global capacity for high margin tyre lines by 40 per cent and capacity in existing low-cost facilities by a third. According to Goodyear, these new plants and increased capacity will be instrumental in company plans to source half its global tyre production from low-cost countries by 2012.
The US tyre major also plans to inject funds into its facilities in Fayetteville, North Carolina, and Gadsden, Alabama, to increase their capacity for producing higher-margin tyre lines.