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)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections