Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
July 11, 2019 10:36 AM

Goodyear looking to boost capacity at N.C. plant for larger diameter tires

Bruce Davis
Tire Business
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    FAYETTEVILLE, N.C.—Goodyear is planning to expand capacity for larger rim-diameter passenger tires at its 50-year-old Fayetteville plant following the approval of a 10-year jobs incentive package by the North Carolina Department of Commerce.

    The incentive package, a renewal of a Job Maintenance and Capital Development grant, is valued at $30 million, Goodyear said.

    These funds will be used to "modernize and improve operations and efficiency" at the Fayetteville plant, Goodyear said, including expanding capabilities to produce high-value tires with rim diameters 17 inches and greater.

    "We appreciate the support of state and local officials in joining with us in strategic investments, such as this, and in recognizing the economic impact of our Fayetteville facility and its value to the community," the company said.

    The Fayetteville plant is rated at 40,000 units a day with 2,900 employees, according to Rubber & Plastics News' 2018 Global Tire Report.

    The JMAC Fund is a discretionary incentive program that provides sustained annual grants to businesses that meet the requirements of a major employer or a large manufacturing employer. It is intended to encourage the retention of high-paying, high-quality jobs and large-scale capital investments that will modernize processes and provide more globally competitive projects.

    To make use of the grant Goodyear also must make at least $180 million in capital improvements at the site in addition to retaining jobs at the plant, according to the grant's conditions. Goodyear did not comment publicly on that aspect of the grant.

    Workers at the plant represented by United Steelworkers Local 959 are working under terms of a five-year contract they approved in August 2017. The agreement expires July 29, 2022.

    N.C. Commerce calculates the average annual wages associated with this project as $68,797.

    This funding is in addition to $125 million Goodyear budgeted in 2016 to boost production capacity for high-value-added tires—those with rim diameters of 17 inches and greater—by 2 million units annually at plants in Lawton, Okla., and Fayetteville.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Goodyear to trim jobs to address 'uncertain' economic outlook
    2
    Dow to cut 2,000 jobs in evaluation of 'global asset base'
    3
    Uzer Makina eyes North American market growth
    4
    ANRPC: Leaf disease outbreak could lead to 30% NR production loss
    5
    Methods to the madness: Smithers pins 4 processes for sustainable carbon black
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION