Focus

Goodyear to close Shah Alam factory after 52 years

The closure, impacting approximately 550 employees, is part of the company's "Goodyear Forward" transformation programme.

KOUSALYA SELVAM
By KOUSALYA SELVAM
07 Mar 2024 02:20pm
Goodyear, a leading tire manufacturer, announced the closure of its Shah Alam factory after 52 years of operation. - Photo by 123RF
Goodyear, a leading tire manufacturer, announced the closure of its Shah Alam factory after 52 years of operation. - Photo by 123RF

SHAH ALAM - Goodyear, a leading tire manufacturer, announced the closure of its Shah Alam factory after 52 years of operation.

The closure, impacting approximately 550 employees, is part of the company's "Goodyear Forward" transformation programme.

"This was a difficult decision, but necessary to remain competitive.

"The closure aligns with our programme to reduce annual costs by US$1 billion by 2025," Goodyear Asia Pacific President Nathaniel Madarang said in a statement today.

The factory closure will be effective June 30, 2024, with the process expected to be completed by year-end.

Madarang stressed that employee well-being is a priority.

Despite the closure, Goodyear will continue serving the Malaysian market by importing tires from factories in Thailand, Indonesia, China, and Taiwan.

Goodyear's presence in Malaysia dates back to 1929.

Related Articles:

Notably, the company supplied tires for the Proton Saga, Malaysia's first national car, launched in 1985.

GOODYEAR
SHAH ALAM
MALAYSIA
FACTORY
SHUT DOWN
Employees
COMPANY
tire manufacturer
More Like This
Photo for illustrative purposes only - Canva
Photo for illustrative purposes only - Canva
National Stronger laws, more awareness needed to protect children against social media manipulation - Experts
In Malaysia, nearly half (47 percent) of Malaysian parents know a child in their community who has experienced cyberbullying.
Cartoonist Syahru Maizam Jamin, 51, or Bijan, shows off a drawing during an interview recently at his stall in Malim Nawar. Photo by Bernama
Cartoonist Syahru Maizam Jamin, 51, or Bijan, shows off a drawing during an interview recently at his stall in Malim Nawar. Photo by Bernama
National Cartoonist Bijan sketches fresh start as eatery owner
Starting a small business was one of the ways he chose to sustain himself after ‘Ujang’ magazine ceased publication in 2015.
Protest at Menara Merdeka 118 on Nov 22, 2024. (Photo courtesy of BDS Malaysia)
Protest at Menara Merdeka 118 on Nov 22, 2024. (Photo courtesy of BDS Malaysia)
National Rally calls on PNB and Sime Darby to cut ties with Caterpillar over war crimes in Palestine
By SINAR DAILY REPORTER
23 Nov 2024 05:15pm
Caterpillar has faced long-standing criticism from human rights groups for allegedly enabling the Israeli military’s destruction of Palestinian properties, that constitutes war crimes under international law.
The survey revealed that over 85 per cent of Shopee Affiliates promoted more local brands than international brands, dedicating the majority of their efforts to support homegrown products. - Photo credit: Shopee
The survey revealed that over 85 per cent of Shopee Affiliates promoted more local brands than international brands, dedicating the majority of their efforts to support homegrown products. - Photo credit: Shopee
National 97 per cent of Shopee Affiliates support Malaysian brands, drive local business growth
Affiliates also cited higher engagement (34 per cent) and access to wider audiences (24 per cent) as the top factors in their success in driving sales for Shopee sellers.