Goodyear Tire & Rubber, Akron, OH, announced that its Poland affiliate plans to invest more than $100 million to expand production of high-value tires.Goodyear Tire & Rubber, Akron Akron (ăk`rən), city (1990 pop. 223,019), seat of Summit co., NE Ohio, on the Little Cuyahoga River; inc. 1865. Once the heart of the nation's rubber industry, Akron still contains the headquarters of some rubber corporations and chemical and , OH, announced that its Poland Poland, Pol. Polska, officially Republic of Poland, republic (2005 est. pop. 38,635,000), 120,725 sq mi (312,677 sq km), central Europe. It borders on Germany in the west, on the Baltic Sea and the Kaliningrad region of Russia in the north, on Lithuania, affiliate Affiliate Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company. plans to invest more than $100 million to expand production of high-value tires. The investment will take place over the next four years and will be made at the company's TC Debica operation, one of Goodyear's lowest cost facilities. The investment is consistent with Goodyear's strategy to upgrade and expand existing capacity to produce high-performance Adj. 1. high-performance - modified to give superior performance; "a high-performance car" superior - of high or superior quality or performance; "superior wisdom derived from experience"; "superior math students" and ultra-high-performance tires. Goodyear holds a 60% ownership interest in TC Debica, Poland's largest tiremaker. The company has invested almost $200 million to enhance Debica's operations since acquiring an interest in 1995 (www.goodyear.com). (RW+) |
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