Goodyear expanded production vehicle tires

Source: SINOCHEM April 18, 2019

On April 10, the US tire manufacturer Goodyear Tire & Rubber Company announced that it plans to invest USD 36 million (approximately RMB 250 million) to add construction vehicles at its plant in Colmarberg, Luxembourg (OTR) tire production and improved process. However, Goodyear did not disclose specific capacity growth figures.

David Anckaert, Vice President of Goodyear Europe’s commercial tire business, said: \"For our overall business operations, this important investment will enable us to better meet the growing demand and provide a full range of high-quality trucks and non-trucks. Tire products and comprehensive mobile solutions are better for customers' daily operations on site. Due to the expansion of mining and construction businesses, as well as the development of ports and industrial fields, the demand for high-quality engineering OTR tires continues to grow.\"

The Goodyear Luxembourg plant opened in 1951. In addition to OTR tires, it also produces medium-sized truck and bus tires. Goodyear is building a second factory in Luxembourg, which plans to produce high-end passenger car tires.