USA :Goodyear Moves Forward with Integration of Dunlop Joint Venture
The Goodyear Tire & Rubber Company today took another step in its effort to integrate the Goodyear and Dunlop operations with the announcement that it will rationalize passenger and light truck tire production within the company's joint venture with Sumitomo Rubber Industries Ltd. in Europe. This move, which will result in substantial cost savings and synergies for the Goodyear Dunlop Tires Europe joint venture, will involve discontinuing the production of passenger and light truck tires at the Dunlop Tyres UK plant in Birmingham, England, and moving it to other joint venture plants in Europe. Earlier this year, Goodyear's Italian tire plant was closed and commercial truck tire manufacturing discontinued at Dunlop's Birmingham plant as part of the company's European rationalization effort.
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