Goodyear to invest millions at tyre plant

2015-09-24 06:00

Goodyear South Africa announced it will invest ZAR670 million to increase production of high-value-added (HVA) consumer tyres at its Uitenhage manufacturing plant to drive profitable growth and meet market demands.

The investment plan would see the introduction of state-of-the-art manufacturing technology for the plant and will enable Goodyear to meet the strong and growing market demand for HVA consumer tyres in South Africa and Sub-Sahara Africa.

The tyre market in South Africa and Sub-Sahara Africa is expected to experience double-digit growth through 2020 led by the consumer segment.

“This is an important investment by Goodyear and is consistent with our strategy to serve the needs of our customers and the company’s focus to invest in high return projects that drive profitable growth,” said Jean-Jacques Wiroth, managing director of Goodyear South Africa.

The new technology and accompanying comprehensive employee training will further improve the plant’s capability and capacity to produce Low Rolling Resistance tyres that promote fuel economy in vehicles to meet the growing demand from vehicle manufacturers and the replacement market, as well as meet the increase in market requirements for HVA 4X4 SUV tyres.

To allow for this expansion, Goodyear South Africa also proposes to relocate the plant’s production of Medium Radial Truck tyres (MRT) to other plants across the com- pany’s Europe, Middle East and Africa region. Under the proposals, Goodyear has affirmed its intention to confer with the union representatives and employees who are currently working in the MRT area to minimise the impact through offering a variety of alternatives.

Subject to consultation, the company expects to be substantially complete with the investment plans by the end of 2016 or early 2017. The company does not anticipate disruption to tyre services or supply during this period

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Financial advisors – Do you need one and should you get one?

The good, the bad, and everything else you need to know when considering hiring a financial advisor.


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.