TONAWANDA, N.Y. (Aug. 5, 2016) — Sumitomo Rubber Industries Ltd. (SRI) is planning to double capacity for capacity for passenger car and light truck tires at its Tonawanda factory to 10,000 tires per day by year-end 2019.
Sumitomo is budgeting $87 million for the expansion at the New York plant, which SRI acquired from Goodyear last October as part of the dissolution of its 16-year alliance with Goodyear.
SRI did not comment on the expected effect on employment, which stands at 1,198, nor say whether the project would involve physical changes to the 93-year-old structure.