Goodyear ATV Tires

Only At MotorHelmets.com


Goodyear Tires
 

On The Wings Of Goodyear

AKRON, Ohio, August 15, 2007 – The Goodyear Tire & Rubber Company said today it is planning major global investments to fuel growth and plans to repay additional debt, both made possible by the recent sale of its Engineered Products business and the company’s successful equity offering.

Goodyear said it is considering potential new tire factories in Eastern Europe and Asia in addition to the company’s previously announced intent to invest in existing tire factories to increase high-value-added capacity by 40 percent globally and increase capacity in existing low-cost plants by 33 percent. Together, these investments would drive the company toward its strategy of having 50 percent of its global capacity in low-cost countries by 2012.

The investment program includes modernization in North America to Goodyear’s Fayetteville, N.C., and Gadsden, Ala., tire plants for increased high-value-added capacity, both supported with investment incentives by local and state governments.

"Consistent with what we have been telling investors, the successful completion of the sale of Engineered Products combined with our equity offering in May allows us to expand our future growth investments," said Goodyear Chairman and Chief Executive Officer Robert J. Keegan. "We will continue to use a disciplined approach in allocating capital to high-return investments."

Goodyear Tire - ATV Tires, ATV Tires, Goodyear Products