Goodyear Tyre & Rubber Company Polish affiliate TC Debica is to invest more than $US100m to expand production of high-value tyres.
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The investment, which will take place over the next four years, will be made at the company’s operation, one of Goodyear’s lowest cost facilities. The investment is consistent with the tyre maker’s strategy to upgrade and expand existing capacity to produce high performance and ultra-high performance tyres.
“This investment demonstrates our commitment to drive our growth by aligning low-cost manufacturing with high-value-added tyres,” said Goodyear chairman and chief executive officer Robert Keegan.
Goodyear holds a 60% stake in TC Debica, Poland’s largest tyremaker. The company has invested almost $200m to enhance Debica’s operations since acquiring an interest in 1995.
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