Goodyear expanding capacity for higher-margin tires

Boston, Massachusetts – Goodyear is budgeting nearly $800 million (€533 million) through 2019 to boost production capacity for high-value-added (HVA) tires – essentially those with rim diameters of 17 inches and greater – in a bid to stay ahead of the demand curve for such tires.

Goodyear disclosed the expansion projects – at plants in the US, Mexico, South Africa, China and India – during its recent briefing with financial analysts in Boston.

Goodyear projects demand for HVA passenger tires will double worldwide by 2020 to 444…

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