In November last year, the Goodyear Tire & Rubber Company revealed its “Goodyear Forward” transformation plan, in which one of the key initiatives outlined was cost reduction actions the tyre maker would take to ensure …
” transformation plan, in which one of the key initiatives outlined was cost reduction actions the tyre maker would take to ensure it remained competitive heading into the future.
Elsewhere, the loss of local supply from the Goodyear route means that the likes of Perodua may have to get tyres from Toyo or Continental, the only companies with left with local production. As part of these efforts, Goodyear has made the difficult but necessary decision to close our manufacturing plant in Shah Alam, Malaysia, effective June 30, 2024, with closure expected to be complete by the end of the year.
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