Goodyear moves up Philippsburg plant closure to July
Goodyear Tyre and Rubber has announced it will wrap up production at its tyre plant in Philippsburg, Germany on July 31, 2017, about five months sooner than was originally announced. In a press statement, Goodyear Dunlop Tyres Germany said management and employee representatives have agreed to the date for the shutdown.
Plans to close the plant that is northwest of Stuttgart were first announced in October 2016. Goodyear said at the time the closure is part of the tyre maker’s efforts to address redundancies and overcapacity. About 890 employees will be displaced due to the plant closing. Goodyear is transitioning investment to technologies for producing tyres with large rim diameters, which are increasingly in demand.
Jean-Claude Kihn, president of Goodyear’s Europe, Middle East and Africa region, commented when the closing was announced: “Our strategy aims to increase Goodyear’s presence in the highly-complex and larger-size tyre segment where above average rates of growth are being seen. Our customers want more of our premium tyres in 17-inch and larger rim diameter sizes. These are in strong demand from our original equipment customers today and will enter the aftermarket in the years to come.”