Goodyear Union City plant changes hands for $9M
Titan International has confirmed its subsidiary Titan Tire Corporation paid “approximately US$9 million” for the physical assets of the Goodyear tyre plant in Union City, Tennessee, which closed in July 2011. Included in the purchase are around 480 acres of land and a 2.1 million square foot building. As part of the deal, Titan has agreed not to produce radial passenger car or 4×4 tyres at the factory and to scrap all curing presses and tyre building equipment that Goodyear requests to be scrapped. Titan will retain the scrap value of these items.