Goodyear to combine North and Latin America units


Photo: Mike Mozart/Flickr

1st December 2015

Multinational manufacturer will open a new plant in Mexico in 2017
Global manufacturer Goodyear has announced it will combine its North America and Latin America businesses effective January 1, 2016, the company said in a statement.
“While the two former regions approach their markets differently, there also are many increasing similarities, especially the growth of high-value-added tires,” said Goodyear chairman and CEO Richard J. Kramer.  “This new organization is structured to accelerate growth and maximize earnings over time through simplicity, speed, and an intense focus on our customers and markets.”
The combined Americas unit will seek to streamline its service by integrating product development, market forecasting and product supply.
Goodyear reported $1.79 billion in revenues in Latin America last year, and $170 million in profits, according to Latin Trade’s Top 500 Companies ranking.
Stephen R. McClellan, current president of the company’s North America business, has been chosen to lead the new unit, while Marcelo Toscani, will serve as President of the firm’s Latin America operations. Toscani has held leading positions in Brazil and China over his three-decade career at the company.
In April this year, Goodyear announced its plans for a new manufacturing plant in San Luis Potosí, in north-central Mexico, scheduled to open in 2017. The $550-million plant is set to produce 6 million tires per year, and create 1,000 direct jobs and some 5,000 indirect jobs, Kramer …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.
Read the current issue of Latin Trade Magazine

Access Denied

Please log in or register

Read Our Latest Issue

FOLLOW US