14 Mar 2005
Akron, Ohio--Goodyear has sold its former mould manufacturing facility in Stow, Ohio, to Albrecht Inc., a commercial real estate development company that owns and operates a number of shopping centers in Ohio, for $4.5 million.
The 12 000 m2. plant sits on a 106-acre site. The tyre maker built the factory to manufacture tyre moulds in 1969 and closed it in October 2002 because of reduced market demand, overcapacity at the facility and high operating costs.
Goodyear continues to make tire molds at its 8-year-old non-union Statesville, North Carolina, plant, as well as overseas in Sao Paulo, Brazil, and Luxembourg. The Stow facility had been operating at less than a third of capacity shortly before it closed.
Press release from Goodyear
Cleveland Business (US) story
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