LUXEMBOURG—Goodyear is planning to relocate its European technical center to an “automotive campus” being built on the site of the company's former steel wire factory in Bissen, Luxembourg, a few miles southwest of the center's current location in Colmar-Berg.
The move should take place by 2018 and will involve about 1,000 scientists, engineers and technicians from Goodyear's European Innovation Center, according to information from Goodyear and the government of Luxembourg.
The Luxembourg Automotive Campus is an initiative of the Luxembourg government, Goodyear and another automotive supplier, IEE S.A., which also will relocate its operations to the Bissen site.
The parties did not disclose the projected investment in converting the 34.5-acre site to the new campus. The federal government will buy the site once Goodyear completes demolishing the structures there.
The wire factory has been idle since 2011 when Goodyear sold its global tire-reinforcement wire business to South Korea's Hyosung Corp.
The project includes plans for shared infrastructure, according to Etienne Schneider, Luxembourg's deputy prime minister and minister of the economy, such as research labs and buildings, conference rooms, catering areas and exhibition spaces.