Goodyear to Invest $320M in Oklahoma Expansion

Goodyear Tire & Rubber Company has unveiled plans for a significant expansion of its Lawton, Oklahoma plant, the largest tire factory in its global network. The expansion aims to increase the plant’s production capacity by nearly 30%, adding 10 million units of annual capacity for premium tires.

This project is part of a $320 million, four-year investment designed to enhance the plant’s capabilities to meet the growing demand for larger rim-diameter tires, which are higher-profit and higher-margin products. The expansion will focus on producing tires for electric and autonomous vehicles, aligning with Goodyear’s strategic goals to cater to emerging automotive technologies. …

Source: Business Facilities