Tyre manufacturer news -
Goodyear to Rejuvenate 80 Year-Old Tyre Plant with $125
Million
23 May 07
Emily Henry
Contributing Writer Goodyear has announced plans to
invest $125 million into rejuvenating one of its oldest
plants. The 80 year-old passenger and light truck tyre
plant in Gadsden, Alabama, will be offered new equipment
and upgrades over a three-year investment period, as
well as aid from the local government.
Gadsden City Council has reportedly approved tax
abatements for the $125 million Goodyear investment, and
the recent contract with United Steelworkers has ensured
that the plant will stay operational through 2010.
Gadsden tyre plant was one of the twelve Goodyear plants
granted “protected status” in the company’s agreement
with the United Steelworker of America (USWA).
The manager of the Gadsden plant, Jim Davis, spoke to
the Gadsden Times about the investment, stating that:
“The capital that we're investing here will bring
process capability and production capability that just
do not reside here at this time.”
Mr Davis concluded: “The investments in our plant
will definitely help improve our plant's viability and
competitiveness." The Gadsden tyre factory opened in
1928, and has the capacity to produce 15,000 passenger
tyres and 10,000 light truck tyres per day.
http://www.reifenpresse.de/CDML007/en/gast/fs_kurzmeldungen.html |
