10 February 2011 14:30 [Source: ICIS news]
TORONTO (ICIS)--Goodyear plans to close its tyre plant in ?xml:namespace>
"While we are committed to manufacturing in
“That is not the case with this plant, and as a result, the market has moved beyond what the factory is able to build," Kramer added.
The announcement came as Goodyear reported 2010 fourth-quarter sales of $5.1bn (€3.7bn), up 14% from the 2009 fourth quarter.
Goodyear said it expected the global tyre industry to continue its growth in 2011, with volume expansion across all regions.
($1 = €0.73)
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