Goodyear to divest Dunlop brand to Sumitomo Rubber for $701m
1 day ago · The Goodyear Tire and Rubber Company has entered into a definitive agreement to divest its Dunlop brand to Sumitomo Rubber Industries (SRI). This transaction encompasses the sale of trademarks and ...
Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber …
4 days ago · Gross cash proceeds at closing of approximately $701 million. Advances Goodyear Forward transformation plan, optimizes portfolio of brands. Goodyear to supply Dunlop tires to Sumitomo Rubber Industries pursuant to a five-year Transition Offtake Agreement in Europe. Goodyear to license back the Dunlop trademarks for use on commercial (truck) tires, and retains its rights to the Dunlop ...
Sumitomo Shuts 100-Year-Old Plant, Cuts 1,550 Jobs
Nov 19, 2024 · Sumitomo Rubber announced the immediate closure of its 100-year-old tire plant in Tonawanda, NY, which will affect 1,550 union and salaried workers. Despite a $140 million investment in recent...
Sumitomo Rubber announces Tonawanda plant closure, over ... - WIVB News 4
Nov 7, 2024 · BUFFALO, N.Y. (WIVB) — Sumitomo Rubber on Thursday announced via its website that it will be closing the facility in Tonawanda. The plant previously manufactured tires for cars, trucks, buses...
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries …
2 days ago · The Goodyear Tire & Rubber Co. announced on Tuesday that it will sell the Dunlop brand to Sumitomo Rubber Industries (SRI) Ltd. for an estimated $701 million. The sale of the brand in North America, Europe and Oceania follows a previously announced strategic review of the brand in connection with the company’s Goodyear Forward transformation ...
Sumitomo Rubber closing western New York tire plant and …
Nov 7, 2024 · Sumitomo Rubber says it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs.
Sumitomo Rubber to lay off 1,380 workers, close New York tire …
Nov 19, 2024 · Automotive tire maker Sumitomo Rubber USA is closing its manufacturing plant in Tonawanda, New York, in February 2025, laying off 1,380 workers, according to a Worker Adjustment and Retraining Notification Act letter to the state.
Sumitomo Rubber closing, news | wgrz.com
Nov 12, 2024 · Four days after Sumitomo Rubber USA abruptly shut its doors, several hundred workers gathered to show support and share information.
Sumitomo Rubber to close Tonawanda plant | wgrz.com
Nov 7, 2024 · TONAWANDA, N.Y. — Sumitomo Rubber USA, which manufactures tires, announced Thursday that it is closing its Tonawanda facility. Sumitomo makes automotive tires for passenger cars, trucks,...
Sumitomo Rubber Closing Western New York Tire Plant and …
Nov 7, 2024 · TONAWANDA, N.Y. (AP) — Sumitomo Rubber announced Thursday it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs.