General Tire Canada.
Citing overcapacity problems and high manufacturing costs as its reasons, General Tire Canada closed its tire manufacturing plant in Barrie, Ontario, effective September 27. The decision was reached after a thorough assessment of North American operations, according to Alan Ockene, General Tire CEO. The plant produced passenger, light truck and farm tires for the original equipment and replacement markets and employed 820. Even with an investment at the plant of $45 million Canadian over the past three years to modernize the facility and keep the plant in operation, the economic downturn and extremely depressed automotive sales, added to the excess capacity situation, made the decision unavoidable, according to Wayne Mitchell, president of General Tire Canada.
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|Title Annotation:||to close Barrie, Ontario plant|
|Article Type:||Brief Article|
|Date:||Oct 1, 1991|
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