Goodyear sells Indonesian rubber plantation

By Liz White, ERJ staff

Akron, Ohio-Goodyear Tire & Rubber Co. has completed the sale its 95 percent stake in Goodyear Sumatra Plantations (GSP) in Indonesia to Bridgestone Corp. for about $62 million The tyre maker said the deal, announced earlier, is part of its strategy to “focus on core business.”

Goodyear also claims the deal will have no significant impact on its ability to acquire natural rubber for its operations. The group is one of the largest users of NR and said it supports agricultural and…

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