AKRON—Goodyear has disclosed plans to modernize its 62-year-old tire plant in Amiens, France, in order to accommodate production of larger-rim-diameter tires and enhance automation.
The project, for which Goodyear has budgeted $160 million, is one of several modernization and expansion projects the company expects to announce this year, according to comments made by company executives during the firm's first-quarter earnings conference call.
The Amiens project, which is subject to consultation with relevant employee representative bodies and regulatory approvals from the European Commission, will be carried out over five years.
The French government is supporting the project with $48.5 million in state aid through its Automotive Recovery Plan.
Employment at the Amiens plant stands at about 800 workers, and the plan would preserve employment for at least the next 10 years, including an "ambitious" skills development training program, Goodyear said.