Goodyear Completes South Pacific Tyres Acquisition

(Akron/Tire Review) Goodyear Tire & Rubber Co. announced that it has completed its acquisition of Ansell Limited’s interest in the companies’ South Pacific Tyres (SPT) joint ventures.

Published: January 25, 2006

Goodyear now owns 100% of SPT, which markets and manufactures tires in Australia and New Zealand.

“This move strengthens Goodyear’s position in these countries and enhances its flexibility and earnings growth prospects in the Asia/Pacific region,” said Pierre E. Cohade, president of Goodyear’s Asia/Pacific business unit.

Formed in 1987, SPT has 4,000 associates and annual sales of more than $700 million. Its results have been consolidated with those of Goodyear’s Asia/Pacific region since January 2004.

The commercial tire market is cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, Tire Review recently sat down with Pierluigi Cumo, VP of B2B products at Michelin North America.

By David Sickels

David Sickels is the Editor of Tire Review. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: May 1, 2024

Despite a tough commercial tire market in 2023 due to overstock and and the effects of a rubber-banding supply chain, some tire manufacturers are expressing a cautious optimism for stabilization and gradual recovery through the rest of 2024 and into 2025. North American fleets are focusing their efforts on operational efficiency and profitability amidst lower shipping rates.