You are here: / / / Goodyear extended EMEA tyre production shutdown into 2023

Goodyear extended EMEA tyre production shutdown into 2023

Author: Chris Anthony Comments: 0
Photo: Goodyear

Goodyear reported that fourth-quarter 2022 tyre production levels were 3.5 million units below 2021 when executives published the firm’s full-year 2022 figures in February. That move was enacted in order to “control working capital given the weaker volume environment.” Now officials have confirmed that they decided to extend the pre-planned winter production shutdown into the first quarter of 2023 in the Europe Middle East and Africa (EMEA) region in order to rebalance inventories.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Price mix contributed more to Goodyear EMEA 3Q figures than Cooper Tire sales
  2. Goodyear to cut 5% of salaried staff globally, $80 million 4Q loss expected in EMEA
  3. Europe to bear 40% of Goodyear’s global job cuts
  4. Goodyear reports losses of $104 million in Q4 2022, points the finger at Europe
Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Share this entry
Matrax gives SUV and car tyres Asian debut, EV tyres coming Grupo Alves Bandeira Zeppelin Systems & its tyre recycling partners

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.