The Goodyear Tire & Rubber Company has broken ground on a $485M project to expand its tyre factory in Pulandian, China.
The project will boost the plant’s annual capacity by about 5M tyres.
Goodyear chairman, CEO and president Richard Kramer said: “This investment in our Pulandian factory speaks to our long-term strategy of pursuing sustainable growth in the Asia Pacific region and increasing Goodyear’s presence in high-value segments of the global tyre market that are growing at rates above the total industry where we can capture the value of our brand.”
Work is expected to be complete by 2020.
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