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Founded in 1898 by Frank Seiberling, The Goodyear Tire & Rubber Company is an American multinational tyre manufacturing company based in Akron, Ohio. It is one of the oldest, biggest and best-known tyremakers in the world. Goodyear makes tyres for automobiles, commercial trucks, light trucks, motorcycles, SUVs, racing cars, aeroplanes, farm equipment and heavy earth-mover machinery. Find all the news and analysis you need relating to Goodyear here.

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Goodyear Invests in Agri Show Display Unit

To further meet the needs of its agricultural customers, the Goodyear farm department has this season invested in a new show display unit. The new vehicle, says Goodyear, forms part of the cornerstone for the company’s investment into the agricultural sector. The bespoke unit has been built to assist the farm team’s ability to meet with a greater number of farmers and answer their queries, with an emphasis placed upon Goodyear’s Optitrac range of tractor tyres.

The Optitrac farm tyre concept, comments Goodyear, uses the latest generation compound and construction technology, with the new R+ offering increased load carrying capacity or reduced inflation pressures to help minimise soil compaction. The optimised tyre footprint shape offers even pressure distribution as well as the premium tread depth allowing enhanced traction. The display unit features detailed information on the tyre range and explains the technology behind the range.

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Goodyear Dunlop Celebrates Training 150th ‘Tyre Boffin’

This month Peter Wayte, Product Support Officer in the Goodyear Dunlop Technical Centre, celebrated training his 150th internal employee on a course called Technical Tyre Training. The course assists Goodyear Dunlop employees in understanding all the elements of a tyre, from how to read a tyre size to the technologies behind car, motorcycle, truck and farm tyres. It aims at improving personal skill level within the Goodyear Dunlop working environment educating employees in product attributes and tyre test wins. This creates a sense of pride in the brands and highlights Goodyear Dunlop’s premium products in the market.

The Technical Centre is designed to deal with all customer and technical enquiries from the public and dealers as well as training internal and external stakeholders in tyre technicalities. Goodyear Dunlop reports that it is dedicated to the training and development of employees and aims at cultivating high performance standards across the wider organisation.

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Bridgestone Australia Expresses Regret over Goodyear Closure

Bridgestone Australia Ltd has expressed its regret that rival manufacturer Goodyear is ceasing tyre manufacturing in the country, a decision that leaves Bridgestone as the only tyre manufacturer operating in the Australia/New Zealand region.

“We understand the increasing challenges to Australian manufacturing,” said Mac Ohashi, Bridgestone Australia chairman and CEO. “However, Bridgestone remains committed to local tyre manufacturing and we are proud of providing quality Australian-made tyres to our customers.”

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Goodyear Temporarily Closes Canadian Plant

Goodyear’s Napanee plant between Belleville and Kingston in Ontario, Canada is to close for a week as the manufacturer continues to react against a stagnating marketplace. The closure, which has an impact on up to 760 jobs, will take place between 30 June and 7 July.

Company spokesman Tom Hogeboom told local journalists that the closure’s timing made relative sense, coming as it does in the week that contains Canada Day and the United States’ Independence Day, which has a predictable effect on production rates. Hogeboom stated that “it’s not a decision we make lightly but the marketplace is telling us it’s something we have to do,” adding “all of our North American plants are doing it.”

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Goodyear Shares Slump

Following Goodyear’s announcements yesterday concerning the company’s closure of its Melbourne plant and its plans to invest further in Brazil and China and to refurbish four of its American facilities, NYSE shares in the organisation fell by a steep 11.2 per cent. The drop sees the company’s stocks fall to their lowest value since December 2006.

Reports suggest that the dip has been caused by a variety of factors compounded by the manufacturer’s strategic announcements. The decline in the market for replacement tyres, especially within the heavy vehicle sector, and perpetually rising fuel and raw material costs have led both to Goodyear’s aggressive – and developing-market regarding – approach and the company’s slump in the stock market.

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Goodyear Beefs Up Heavy Load Range

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Following a surge in demand for tyres with heavier load carrying capacities, Goodyear has unveiled a newly upsized Sure Grip Implement. From August 2008 the 12.5/80-18 size Implement will offer support to heavier machine loads, increasing from a 10 ply rating to a 14 ply rating.

Goodyear is the first tyre manufacturer to feature a 14 ply rated tyre as leading competitors only offer a maximum of 12 ply. The increase will allow the new tyre a maximum nominal carrying capacity of 3000kg which represents an increase of 1140kg across the axle. The tyre is designed primarily for soft underfoot conditions, in which greater traction is a must.

The new tyre will be featured as OE fitment on agricultural machinery manufactured by Case New Holland and rough terrain specialists, Manitou.

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Goodyear Refunds Customers After “Unsubstantiated” Claims

Goodyear Tyres has issued an apology and offered refunds to Australian customers who purchased the company’s Eagle LS2000 range, following the manufacturer’s unsubstantiated claims about the tyres’ environmental friendliness. The Australian Competition and Consumer Commission had investigated and found misleading or deceptive the company’s claims that the range was “environmentally friendly”, had “minimal environmental impact”, could “improve fuel economy” and that its production process resulted in “reduced carbon dioxide emissions.

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Goodyear to Boost Chinese, Brazilian Investment

American news sources have reported that following its closure of a tyre plant in Australia, Goodyear intends to refurbish four plants in the USA, while making further investments in China and Brazil.

Chief Executive Officer Robert Keegan is quoted as saying “We anticipate capital investments totalling between $1 billion and $1.3 billion per year from 2008 to 2010.” While the US manufacturing plants due for refurbishment were not yet specified, it is reported that the company will look to invest around $700 million over five years in an effort to modernise the facilities.

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Goodyear Optitrac R+ OE for JCB Fastrac Models

Goodyear’s high speed Optitrac R+ farm radial tyre has been approved for fitment to the new 7000 series JCB Fastrac tractor. The specific tyres to be approved, says Goodyear, are the 540/75R28 Optitrac R+ front tyre and 650/75R38 Optitrac R+ rear tyre for the Fastrac 7170 and 7200, and the 600/70R30 Optitrac R+ front tyre and 650/85R38 Optitrac R+ rear tyre for the Fastrac 7230.

“We are very pleased that the high speed road and in-field performance of the new Optitrac R+ tyre has been recognized by JCB and approved for fitment to the new 7000 series Fastrac tractor,” said Eric Martin, OE manager farm and industrial tyres Europe.

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Goodyear to Fit Tyres on 2009 Lincoln MKS, Ford Flex

Goodyear has been selected to provide the OE tyres for the new Lincoln MKS, a luxury sedan due to be placed in dealerships in summer this year. The tyre company adds Lincoln to the lengthy list of new North American vehicles shod with the company’s tyres.

The standard tyre for the 2009 MKS will be the Assurance ComforTred in size P235/55R18, though in addition the company will offer an optional 19-inch fitment of the Eagle RS-A in size P255/45R19.

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Goodyear and Agricultural University Create Innovation Award

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Goodyear has collaborated with Shropshire-based Harper Adams University in introducing an award for agricultural innovation. Having provided high performance tyres to the agricultural sector in the UK for 70 years, Goodyear have been engaged with new technology in the sector for some time, making them perhaps the most appropriate company to present such an award.

The award has been introduced to provide a suitable showcase for the knowledge and development of Britons in agriculture, and is looking to find the 2008 Goodyear Farming Innovator. The prize, which will include £3,500-worth of Goodyear farm tyres, is set to be awarded by Harper Adams from a shortlist of three contenders chosen by Goodyear from entries on the mygoodyear website.

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American Tire Corporation to Hold Goodyear Acquisition Lectures

It appears American Tire Corporation (ATC) still holds a strong interest in acquiring the Goodyear OTR tyre facility in Kansas, USA. To follow on from the letter sent to Goodyear regarding this on April 21, ATC is organising a number of information events and has invited a number of senior Goodyear exports to speak at these. These speeches are due to be held at the ATC facility in California on June 23 and “thereafter”, a press release from ATC states.

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Goodyear Appoints New Airship PR Manager

Not everyone get the opportunity to be the public face for a blimp, but in the US Sara Waldman has taken on this perhaps unique position. Goodyear has announced Ms Waldman’s appointment to the role of public relations manager for the airship “Spirit of Innovation.” In her new position, Ms Waldman will be responsible for strategic and day-to-day public relations, marketing support communications, media outreach, community affairs and scheduling activities surrounding the airship’s operations from its base in Pompano Beach, Florida.

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Goodyear Dunlop to Supply 100,000 Tyres to Police

Goodyear Dunlop has announced that it will work in partnership with the National Policing Improvement Agency, making it the main supplier of tyres to over 50 Police forces in the country. The announcement names Goodyear Dunlop as the exclusive tyre framework supplier and service provider and will see over 100,000 Goodyear Dunlop tyres fitted to police vehicles, including patrol cars, motorcycles and public order vans, each year for the next two years. The deal covers the country’s 52 constabularies located throughout Great Britain and Northern Ireland.

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New Goodyear Dunlop Europe Truck Tyres Marketing Director

Boris Stevanovic has been appointed Goodyear Dunlop Tires Europe BV marketing director for truck tyres, and in this role will be responsible for the company’s operations in this sector within Europe. He takes over from Pietro Saletta, who moves to Italy and begins as the company’s European director of Consumer Tires.

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