AKRON (May 27, 2009)—Goodyear plans to explore the sale of its farm tire businesses in Latin America and Europe/MiddleEast/Africa, sales of which the company termed “not material” to its overall revenues.
Goodyear said its Asia Pacific farm tire business is not included in this potential divestiture.
The company sold its North American farm tire operation—including a factory in Freeport, Ill.—in 2005 to Titan International Inc., which continues to sell Goodyear-brand farm tires in North America.
Goodyear has farm tire capacity in both regions: in Amiens and Montlucons, France; Debica, Poland; Adapazari and Izmit, Turkey; Uitenhage, South Africa; Americana and Sao Paulo, Brazil; Cali, Columbia; and Lima, Peru.