News from Notch Consulting, Inc.

December 19, 2018

Goodyear closes Venezuela factory; government plans to re-start operations

Filed under: Tires — Tags: — Notch @ 11:09 pm

Citing economic conditions and the negative effects of U.S. sanctions on Venezuela, Goodyear’s Venezuelan subsidiary, CA Goodyear de Venezuela, is ceasing production at its 62-year-old factory in Valencia.

“Goodyear-Venezuela has made the difficult decision to stop producing tires,” the Ohio-based company said in a statement. “Our goal had been to maintain its operations, but economic conditions and U.S. sanctions have made this impossible.”

Immediately after Goodyear announced its closure, Venezuela’s government said it would reactivate the company’s assembly line in an attempt to preserve some of the 1160 jobs that will be lost.

However, Goodyear workers aren’t holding their breath. The government has made similar pledges following other plant closures in the past only to see its efforts fall short.

May 2, 2018

Production ceases at Michelin plant in Northern Ireland

Filed under: Tires — Tags: — Notch @ 10:43 am

Michelin has ceased production at its 49-year-old truck tire plant in Ballymena, ahead of the factory’s scheduled closing. In November 2015, Michelin announced operation at the site would come to an end in April of this year due to rising energy costs and falling demand for truck tires in Europe.

The factory, which opened in 1969, is to be turned into an enterprise park comprising manufacturing, office and warehouse space, according to local media reports confirmed by Michelin.

The closing of the Ballymena plant is part of a wider restructuring of Michelin’s operations in the U.K. on growth segments of the passenger car and light truck tire and retread markets, the company said.

The restructuring plan includes an investment of more than $100 million at a plant in Dundee, Scotland to increase passenger and light truck tire capacity by 30 percent by 2020 and $25 million in its Stoke-on-Trent, England, tire and retread plant.

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