- €94 million investment to expand Slovenian plant
- Expansion to add 5400 square meters and increase capacity by 25%
- Production to focus on 17- to 19-inch replacement tires
- First phase of construction begins January 2019
Investment and Expansion
Goodyear plans to invest €94 million in its Kranj, Slovenia manufacturing facility to meet the growing demand for premium tires in the EMEA region. The expansion will add 5400 square meters to the plant, accommodating advanced tire building machines and increasing overall capacity by approximately 25%.
Production Increase
This investment will enable the production of an additional 1.8 million premium, A segment consumer tires annually, focusing on 17- to 19-inch replacement tires. The expansion aims to support the sustainable growth of Goodyear's business in this profitable segment.
Job Creation
The company expects to create about 160 new positions in Sava, primarily in the production area. This expansion will not only boost production capacity but also contribute to local employment.
Timeline
The first phase of construction is scheduled to begin in January 2019, with additional phases planned for 2020 and 2021 to reach full capacity. This phased approach ensures a gradual and efficient increase in production capabilities.
Historical Context
Since 1998, Goodyear has invested over €270 million in the Kranj facility, transforming it into one of Slovenia's largest and most successful companies. The facility has evolved from producing low and middle price range tires to manufacturing high-quality premium segment tires, with over 130 million tires produced since its establishment.
