The Goodyear Tire & Rubber Company

Company Profile

■URL

https://www.goodyear.com

■Address

200 Innovation Way, Akron, Ohio 44316-0001, USA

Business Overview

-The Company is one of the world's leading manufacturers of tires and rubber products.

-The Company manufactures and sells tires under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, Mickey Thompson, Avon, and Remington brands, and various other Company-owned house brands, as well as the private-label brands of certain customers.

-The Company has three operating segments representing its regional tire businesses: Americas: Europe, Middle East, and Africa (EMEA); and Asia Pacific.

-On January 7, 2025, the Company signed a purchase agreement with Sumitomo Rubber Industries, Ltd. to sale its Dunlop brand and other rights in Europe, North America and Oceania for consumer, commercial, and other specialty tires, for USD 526 million.

Competitors

-Bridgestone
-Continental
-Hankook
-Kumho
-Michelin
-Nexen
-Pirelli
-Sumitomo
-Toyo
-Yokohama

Shareholders

-The Company is listed on the NASDAQ Stock Exchange.

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Products

Tires
-All-season tires
-Summer tires
-Winter tires
-All-terrain tires
-Fuel-efficient tires
-Run on flat tires
-Sport performance tires
-EV tires

Rubber-related chemicals for various applications

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History

1898	The Company was founded.
1910	Established the Company's first subsidiary and plant outside of the U.S. in Bowmanville, Ontario, Canada.
1935	Purchased Kelly-Springfield Tire Company.
1961	Acquired German tire manufacturer Fulda, and the Metal Wheel Company.
1983	Announced a merger between itself and Celeron Corporation, a diversified natural gas pipeline company.
1985	Entered a joint venture with Toyo Tire & Rubber Company.
1986	Signed an agreement with the Formosan Rubber Group Inc. to jointly produce automotive and industrial products in Taiwan.
1986	Purchased Long Mile Rubber Company and Min Tire Equipment Inc.
1987	Formed 50:50 joint ventures with Pacific Dunlop Ltd., to establish South Pacific Tyres, an Australian partnership, and South Pacific Tyres N.Z. Ltd., a New Zealand company.
1994	Acquired a 60% interest in a USD 20 million joint venture with Qingdao Gold Lion Hose Company, the largest producer of auto hose in China.
1996	Purchased a 60% interest in Contred, a South African tire company.
1999	Announced USD 1 billion global alliance with Sumitomo Rubber Industries to establish six joint ventures in North America, Europe and Japan.
2000	Formed a joint venture with Treadco to combine its U.S. truck tire service and retreading outlets into a network of almost 200 service centers and 77 retreading plants.
	Reached an agreement with Michelin of France to jointly develop run-flat tire systems.
	Signed an agreement with Phoenix Automotive to share hose manufacturing capacity in Europe and North America.
Sep. 2001	Reached an agreement with Siemens VDO to develop and market a system to alert drivers to low tire air pressure and excessive tire temperatures.
May 2002	Acquired an additional 20% stake in Sava Tires, a joint venture tire manufacturing company in Kranj, Slovenia, for approximately USD 38.5 million.
Mar. 2003	Signed a five-year agreement with TRW Automotive to jointly study tires, braking, suspension and steering systems to accelerate product development .
Apr. 2003	Sold 20,833,000 shares in Sumitomo Rubber and allowed Sumitomo Rubber Industries to acquire them as a repurchase.
2003	Purchased Arkansas Best Corporation's remaining 19% ownership interest in Wingfoot Commercial Tire Systems, LLC, a joint venture company formed by Goodyear and Arkansas Best Corporation to sell and service commercial truck tires.
Jun. 2004	Completed acquisition of the remainder of Sava Tires d.o.o., a tire manufacturing company in Kranj, Slovenia, for USD 52 million.
Nov. 2004	Announced an agreement in principle to sell 95% stake in Goodyear Sumatra Plantations (GSP) to Bridgestone Corporation.
Sep. 2005	Completed sale of Wingtack adhesives resins business to Sartomer Company Inc., a unit of the French energy firm Total S.A.
Dec. 2005	Completed sale of North America farm tire assets to Titan Tire Corporation, a subsidiary of Titan International, Inc.
Jan. 2006	Acquired Ansell Limited's interest in South Pacific tyres (SPT), joint venture in both Australia and New Zealand.
Sep. 2006	Agreed to sell its global tire fabric operations to Hyosung Corporation, pending government and regulatory approvals.
Mar. 2007	Announced agreement to sell substantially all of its Engineered Products business to EPD, Inc., an entity sponsored by Carlyle Partners IV, LP.
Oct. 2008	Acquired the remaining 25% ownership interest in Goodyear Dalian Tire Company Ltd., its tire manufacturing and distribution subsidiary in China.
Sep. 2009	Commenced tender offer to acquire any and all outstanding shares of Polish tire company TC Debica.
Jun. 2011	Agreed to sell its wire business to Korea-based Hyosung Corporation which produces tire reinforcements
Jul. 2011	Closed its tire manufacturing facility in Union City, Tennessee, U.S.
2014	Closed its manufacturing facilities in Amiens, France
Jun. 2015	Announced to dissolve the alliance agreement and joint ventures with Sumitomo Rubber Industries.
Oct. 2015	Dissolved the alliance agreement and joint ventures with Sumitomo Rubber Industries.
Jun. 2021	Completed the acquisition of Cooper Tire & Rubber Company
2024	Closed its manufacturing plant in Shah Alam, Malaysia.
Jan. 2025	Sold Dunlop brand to Sumitomo Rubber Industries, Ltd.
Feb. 2025	Sold OTR tire business to The Yokohama Rubber Co., Ltd.