AKRON, OH — Goodyear Tire & Rubber Co. is investing $50 million to expand manufacturing capabilities at its Cali, Colombia, manufacturing plant. The plant will produce radial medium truck tires.
The investment solidifies Goodyear’s commitment to the growth of Colombian exports in certain Latin American countries, according to Eduardo Fortunato, president of Goodyear’s Latin America region. The tiremaker’s subsidiary, Goodyear de Colombia SA, celebrated its 60th anniversary in June.
Goodyear has created more than 100 new jobs to improve plant competitiveness as key markets expanded in Latin America. Fortunato said the expansion satisfies a growing Colombian automotive market as well as other Latin American markets, which include Mexico, Venezuela, Ecuador and Chile.
“Growth in the Colombian tire market is encouraging, and new opportunities created by radial medium truck tire manufacturing and sales are exciting propositions,” he said.
The expansion is expected to be complete in 2006.
To learn more about Goodyear, go to: www.goodyear.com.
_______________________________________
Click here to view the rest of today’s headlines.
