Goodyear Dalian Expansion Project Phase Ⅴ Ground-breaking Ceremony was held on Nov. 2 in Dalian, Liaoning province.
Goodyear added investment of 485 million yuan to the expansion project.
Government leaders of Dalian and Pulandian, Goodyear Globe board chairman and president Richard Kramer, Goodyear Asia Pacific president Chris Delaney, and Goodyear China president Ma Haian attended the ceremony.
Kramer said the investment aims to enhance the production capacity of quality tires with large wheel rims, and the expansion project starting construction will help reinforce Goodyear’s business in China.
After the capital increase, the overall investment of Goodyear in Puliandian, Dalian, totaled 1.6 billion US dollars. The plant’s construction area will increase 56,700 square meters after the expansion project.
The expansion project is scheduled to be completed in 2020, by which the capacity of the plant will increase further with additional annual capacity of 5 million radial tires for passenger car.