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Goodyear HQ to remain located in Akron, OH.

Goodyear Tire & Rubber's board of directors approved a plan that, when finalized, will keep the company's world headquarters in Akron, OH. The tentative agreement is between Goodyear and Industrial Realty Group (IRG), and calls for Goodyear to sell most of its Akron area property and facilities to IRG. IRG will construct a new world headquarters building, a new headquarters for the company's North American Tire business, and make improvements to the company's technical center and research facilities. Goodyear will lease the new buildings and the existing technical center from IRG.
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Title Annotation:Corporate, financial news
Publication:Rubber World
Date:Jan 1, 2008
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