embassy events 2007
Goodyear Increases Investment in Polish Tire Manufacturer
10 April 2007
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| Goodyear Headquarters in |
The Goodyear Tire & Rubber Company of Akron, Ohio announced that it plans to invest more than $100 million over the next four years to expand production of high-value tires through its Polish affiliate, Debica. "This major investment is another clear indication of Goodyear’s confidence in Debica’s ability to deliver the highest quality products at a competitive cost," said Jarro F. Kaplan, president of Goodyear’s Eastern Europe tire business. Goodyear holds a 60% ownership interest in Debica, Poland’s leading tire maker, and has invested almost $200 million to enhance Debica’s operations since acquiring an interest in 1995.
