Goodyear South Africa today announced it will invest ZAR670 million to increase production of high-value-added (HVA) consumer tyres at its Uitenhage manufacturing plant to drive profitable growth and meet market demands.
The investment plan would see the introduction of state-of-the-art manufacturing technology for the plant and will enable Goodyear to meet the strong and growing market demand for HVA consumer tyres in South Africa and Sub-Sahara Africa. The tyre market in South Africa and Sub-Sahara Africa is expected to experience double-digit growth through 2020 led by the consumer segment.
“This is an important investment by Goodyear and is consistent with our strategy to serve the needs of our customers and the company’s focus to invest in high return projects that drive profitable growth,” said Jean-Jacques Wiroth, managing director of Goodyear South Africa.
The new technology and accompanying