In what is expected to be a decision related to the current economic crisis, Goodyear Tire & Rubber company has announced that it will be closing its tire manufacturing plant in Las Pinas, Philippines to address the uncompetitive manufacturing capacity globally.
Apparently the cost reduction here is aimed at the storage facilities which are expectedly not meeting the sales. The trend is something we see familiar in most companies and while this is a big shot in the arm for the Philippines, Goodyear will continue to serve the country in terms of service to wholesale, retail and original equipment customers.
“Due to high costs compared to other plants in the region, tires produced in the Las Pinas plant are not competitive in the marketplace,” said Pierre E. Cohade, president of Goodyear’s Asia-Pacific Region.
(Source) Press
Tags: asia pacific region, economic crisis, equipment customers, goodyear, goodyear tire rubber, goodyear tire rubber company, las pinas philippines, manufacturing plant, marketplace, original equipment, plant closure, plants, shot in the arm, storage facilities, tire plant, tires, wholesale