SHANGHAI (July 6, 2005) — Goodyear will invest $18 million over the coming 18 months in its Dalian, China, plant to install capacity for run-flat passenger tires.
Goodyear expects to begin making run-flats by 2007 and reach annual output of 200,000 units by 2011, according to Pierre Cohade, president of Goodyear's Asia-Pacific Region. Goodyear will become the first tire maker in China to make run-flats; the output will be sold domestically and exported.
Mr. Cohade said Goodyear expects to sell more than 2 million run-flats this year, up more than 50 percent over the 1.3 million sold last year. The firm sees demand for run-flats will grow “significantly” in the coming years because of increasing interest from car makers; Goodyear said it has more than 100 run-flat projects running with global car makers.
Goodyear supplies run-flats to General Motors Corp., BMW A.G., DaimlerChrysler A.G., Volkswagen A.G. and Ferrari S.p.A.