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 OctoberÂ 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 OctoberÂ 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 $1.2Â billion in sales in 2003, including approximately $200Â 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."
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Statement to the SEC (search on "Antitrust")