Goodyear officials have approved modernization plans for the company's Topeka, Kan., medium truck and off-the-road tire plant that could require more than $100 million in investments over five years.
The project would involve primarily upgrading the plant's OTR tire capabilities to keep pace with industry demands for larger tires, according to John Loulan, vice president of operations for Goodyear North American Tire. Specifically, the expansion would add technology and updated machinery for producing radial truck tires and Goodyear's new two-piece mining tire.
The company said overall capacity and employment at the 57-year-old plant would change little, and it doesn't expect to add on to the plant's physical space.
The project also coincides with several incentives local and state governments have granted Goodyear, including tax incentives granted by Shawnee County on new equipment and machinery, and bonds approved by the Kansas state legislature that would be issued in $10 million increments for every $50 million Goodyear invests.
Goodyear employs 1,700 at the Topeka plant, which has daily capacity of 8,100 units.