Video Exclusives


Inside Nexen's Changnyeong plant

Sentury

Visit the highly automated facility in South Korea, outfitted with the most advanced production technologies and systems.

Click here to watch the video


Nokian tire testing

Sentury

Indoor analysis underway at the Nokia R&D facility​

Click here to watch the video


Do you feel you spend too much time acquiring, retrieving and handling data than you do analyzing and interpreting it?

Web Exclusive Articles

« back to listing

Goodyear and SRI end partnership

Goodyear has reached an agreement with Sumitomo Rubber Industries to dissolve the 16-year global alliance between the two companies

by Rachel Evans

 

Goodyear and Sumitomo Rubber Industries (SRI) have decided to end their alliance. The partnership was first formed in 1999 and primarily consisted of four joint venture businesses operating in North America, Europe and Japan. Under the agreement, supply arrangements have been made between the two manufacturers that will enable them to continue to source tires from each other. Various other strategic transactions have been agreed upon.

SRI is acquiring Goodyear’s 75% stake in Goodyear Dunlop Tires North America (GDTNA), which primarily manufactures and sells Dunlop brand tires in North America. The structures of the joint ventures in North America and Europe are very different – Goodyear Dunlop Tires Europe includes both the Dunlop business and Goodyear’s EU operations. In North America, GDTNA only includes the Dunlop business. In addition, GDTNA owns the Tonawanda, New York tire plant. Goodyear will retain rights to the Dunlop brand for replacement and commercial replacement and OE customers, except for the Japanese auto makers.

Also in North America, in addition to assuming full ownership of the Dunlop motorcycle tire business, SRI will have rights to sell Dunlop brand tires to Japanese vehicle manufacturers in the USA, Canada and Mexico; Goodyear notes that although the motorcycle business in North America has been beneficial and profitable to the company, it doesn’t fit with Goodyear’s long-term strategic plan.

Meanwhile, SRI already sells Dunlop brand tires to Japanese auto makers in Japan. This agreement gives Goodyear added flexibility to grow profitably in the replacement market. It will continue to produce Dunlop replacement products for North American markets.

In Japan, SRI (currently 75% interest) will acquire Goodyear’s 25% share in Dunlop Goodyear Tires, which serves the original equipment market there. SRI will acquire that business, but will no longer sell Goodyear brand tires. Goodyear will acquire the Nippon Goodyear joint venture and begin selling Goodyear brand tires to both OE and replacement customers. While it understands the importance of local development in Japan for Japanese customers, Goodyear says it has no expansion plans in place there at present.

12 June, 2015

 

RECEIVE THE
LATEST NEWS


Your email address:



Read Latest Issue

Read Latest Issue

Read Latest Issue

Web Exclusives

Bridgestone Americas and Versalis in partnership
The two companies have revealed their plans to develop a technology package with the aim of commercializing guayule
Read Now

Yokohama launches revolutionary concept tire
Incorporating new mixing technology, the BluEarth-air EF21 is rated AAA for rolling resistance and an A for wet grip – the highest graded on the market according to the Japanese tire label
Read Now

Nokian unveils images of new Spain facility
More conceptual renderings have been released showing the layout of the new 300ha facility, currently being built south of the Spanish capital of Madrid
Read Now

Snow Academy project
Luleå University of Technology initiates project to develop methods of measuring snow quality in order to improve preparation of test tracks  
Read Now

Drivers in Europe reveal they do not change their tires to suit conditions
A study conducted by Nokian Tyres has shown that a significant amount of European motorists drive on unsuitable tires for the conditions
Read Now


Supplier Spotlight

Supplier SpotlightWe are building a list of leading suppliers covering all aspects of the tire industry. Want to see your company included? Contact olivia.campbell@ukimediaevents.com for more details.

Submit your industry opinion

Industry BlogDo you have an opinion you'd like to share with the tire technology community? We'd like to hear your views and opinions on the leading issues shaping the industry. Share your comments by sending up to 500 words to rachel.evans@ukimediaevents.com

Submit Your Recruitment Ad

Recruitment AdTo send us your recruitment advertising or to receive information on placing a banner please email olivia.campbell@ukimediaevents.com