Goodyear will expand production in Poland
Goodyear Tire & Rubber Co. plans to invest more than $100 million to boost production of "high-value" tires in Poland, say Goodyear officials.
The investment will take place over the next four years and will be
made at the company's TC Debica operation, one of Goodyear's lowest cost facilities.
"This investment demonstrates our commitment to drive our growth by
aligning low-cost manufacturing with high-value-added tires," says
Goodyear Chairman and Chief Executive Officer Bob Keegan.
"This major investment is another clear indication of Goodyear's
confidence in Debica's ability to deliver the highest quality products
at a competitive cost," adds Jarro F. Kaplan, president of Goodyear's
Eastern Europe, Africa and Middle East tire business.
"This investment will put us in an excellent position to capitalize on the growing market for high performance tires throughout Eastern and Western Europe."
Goodyear holds a 60 percent ownership interest in TC Debica, Poland's
The Akron, Ohio-based tiremaker has invested nearly $200 million to
enhance Debica's operations since acquiring an interest in 1995.