Goodyear to invest $100 million in Debica for UHP tyres

Akron, Ohio - Goodyear is to invest over $100 million (€80 million) in the TC Debica factory in southern Poland. Goodyear owns 60 percent of the shares in the Debica factory and has invested over $200 million there to modernise and expand the factory since acquiring an interest in 1995.

Goodyear said the latest investment is designed to expand production of high-value tyresover a four-year timescale.

"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 Kaplan, president of Goodyear's Eastern Europe, Africa and Middle East tyre business. "This investment will put us in an excellent position to capitalise on the growing market for high performance tyres throughout Eastern and Western Europe."

Goodyear said, "The investment is consistent with Goodyear's strategy to upgrade and expand existing capacity to produce high performance and ultra-high performance tyres."