Goodyear reveals DoJ probe into its 2003 belt plant closure in Ontario

Akron, Ohio--The Goodyear Tire and Rubber company is under investigation by the US Department of Justice antitrust department over the, "the closure of a portion of the Company's Bowmanville, Ontario conveyor belting plant announced in October 2003," according to a statement filed by Goodyear to the Federal Securities and Exchange Commission.

In the statement, Goodyear says, "The Antitrust Division of the United States Department of Justice is conducting a grand jury investigation concerning the closure of a portion of the Company's Bowmanville, Ontario conveyor belting plant announced in October 2003. In that connection, the Division has sought documents and other information from the Company and several associates. The plant was part of the Company's Engineered Products division and originally employed approximately 120 people. Engineered Products had approximately $1.2 billion in sales in 2003, including approximately $200 million of sales related to conveyer belting. Although the Company does not believe that it has violated the antitrust laws, it is cooperating with the Department of Justice and is conducting its own internal investigation."

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Statement to the SEC (search on "Antitrust")