AKRON—The tornado-induced production stoppage at Goodyear's Tupelo, Miss., plant will cost the company up to $130 million in lost sales in the second quarter, Goodyear said in an 8K statement with the Securities and Exchange Commission.
The plant, hit by a category EF-2 tornado on April 1 and idled since, is expected to resume production in early June and return to full capacity by the third quarter.
Rated at 37,000 passenger and light truck tires a day, the 39-year-old plant is Goodyear's third-largest P/LT factory in the U.S. It was opened by Cooper Tire & Rubber in 1984.
In addition, Goodyear said it expects costs related to the Tupelo plant situation and delivery interruptions from a warehouse in Whiteland, Ind., to impact its Americas business unit operating income by $60 million to $80 million in the second quarter.