Goodyear & amp; Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and is based in Akron, Ohio. Goodyear manufactures tires for cars, commercial trucks, light trucks, motorcycles, SUVs, race cars, aircraft, agricultural equipment, and heavy ground machines. The company also produces bicycle tires from its founding until 1976. By 2017, Goodyear is one of the top four tire manufacturers along with Bridgestone (Japan), Michelin (France) and Continental (Germany).
The company is named after Charles Goodyear, the inventor of vulcanised rubber. The first Goodyear tires became popular because they were easily removed and needed little maintenance.
Goodyear is also known as Goodyear Blimp. Although Goodyear has been producing airships and balloons since the early 1900s, Goodyear advertisements first flew in 1925. Today, it is one of the most recognizable ad icons in America. The company is the most successful tire supplier in Formula One history, with more starts, wins, and constructors' championship than any other tire supplier. They withdrew from the sport after the 1998 season. It is the sole tire supplier for the NASCAR series.
Goodyear is a former component of the Dow Jones Industrial Average. The company opened a new global headquarters building in Akron in 2013.
Video Goodyear Tire and Rubber Company
History
Initial history 1898-1926
The first Goodyear factory opened in Akron, Ohio, in 1898. Thirteen original employees produced bicycle tires and carriages, rubber horseshoe pads, and poker pans. The company grew with the advent of cars.
In 1901, Frank Seiberling gave Henry Ford a racing tire. In 1903, Paul Weeks Litchfield was granted a patent for the first tubeless tire car. In 1908 Ford has equipped its Model T with Goodyear tires. In 1909, Goodyear produced its first aircraft tire.
In 1911 Goodyear began experimenting with aircraft designs. It then produced airships and observation balloons for the United States Air Force Service during World War I. Goodyear's transport and surveillance capabilities provided significantly contributed to the Allied victory.
In 1916, Litchfield found land in the Phoenix area suitable for growing long cotton, which was needed to strengthen the rubber on the tires. 36,000 acres were purchased controlled by the Southwest Cotton Company, formed with Litchfield as president. (This includes the land that will develop into the city of Goodyear and Litchfield Park.)
In 1924, Litchfield, as Vice President of Goodyear, formed a joint venture with the German Luftschiffbau Zeppelin Company to form Goodyear-Zeppelin Corporation.
In 1926, Goodyear was the world's largest rubber company. Just four years earlier was forced to temporarily halt the production of racing tires due to heavy competition. Nevertheless, the popularity of the Goodyear tire on the racing circuit led to a popular demand for the brand's return.
Expansion 1926-1970
On August 5, 1927, Goodyear had an initial public offering and was listed on the New York Stock Exchange.
By 1930 Goodyear had pioneered what came to be known as the "tundra tire" for smaller aircraft - so-called "airwheel" low-pressure inflation sets of flight tires were initially available in sizes up to 46 inches (117 cm) in diameter.
Over the next sixty years, Goodyear grew into a multibillion-dollar multinational company. He acquired their rival Kelly-Springfield Tire in 1935. During World War II, Goodyear produced F4U Corsair fighter aircraft for the US Military. Goodyear was ranked 30th among US companies in the value of wartime production contracts. World War II forced the dissolution of the Goodyear-Zeppelin partnership in December 1940. In 1956 they owned and operated a nuclear processing plant in Ohio.
In 1944, Goodyear created a subsidiary in Mexico in a joint venture with CompaÃÆ' Â ± ÃÆ'a Hulera, S.A. de C.V., CompaÃÆ' Â ± ÃÆ'a Hulera Goodyear-Oxo, S.A. de C.V. or Goodyear-Oxo.
Transition radial tire
Of the five largest US tire companies in 1970, today only Goodyear remains independent, due to the challenges posed by radial tire technology, and various responses. At that time, the entire US tire industry produced an older bias technology. Estimates for adjusting the plant with a new set of machines and equipment to make this new product are between $ 600 million and $ 900 million. This is a substantial amount in the low margin business with sales revenue in the low billions.
The US market is slowly shifting toward radial tires, as has happened in Europe and Asia. In 1968, Consumer Reports, an influential American magazine, recognized the superiority of radial construction, first developed in 1946 by Michelin.
When Charles J. Pilliod Jr. became CEO in 1974, he faced a major investment decision on radial tires, which currently has a market share of nearly 100%. Despite much criticism at the time, Pilliod invested heavily in new factories and equipment to build radial tires.
Sam Gibara, who headed Goodyear from 1996 to 2003, has noted that without Pilliod's action, Goodyear "will not be present today."
Sales for 1969 reached $ 3 billion, five years later sales reached $ 5 billion and raised operations in thirty-four countries. In 1978, the original Akron factory was transformed into a Technical Center for research and design. In 1985, worldwide sales exceeded $ 10 billion.
Goodyear Aerospace, a holding developed from Goodyear Aircraft Company after World War II designed a supercomputer for NASA's Spaceflight Center Goddard in 1979, MPP. The subsidiary was sold in 1987 to Loral Corp as a result of restructuring.
In 1987, Goodyear formed a business partnership with Canadian tire retailer, Fountain Tire.
Goldsmith affair 1986
In October 1986, Goodyear was the victim of the Greenmail attack. British financier James Goldsmith, along with Hanson's investment group, bought 11.5% of Goodyear's common stock. They threatened to take over the company. On November 20, 1986, Goodyear acquired all 12,549,400 shares held by the Goldsmith group at prices above $ 49.50 per share. Goodyear also submitted a tender offer of up to 40 million shares from other shareholders at a price of $ 50 per share. The tender offer resulted in Goodyear buying 40,435,764 shares in February 1987.
As a result, Goodyear took a $ 224.6 million fee linked to a massive restructuring plan. The company closed the plant in Cumberland, Maryland; New Toronto, Ontario, Canada; and Windsor, Vermont. The company sold its Goodyear Aerospace business to Loral Corporation for $ 588 million and its Roda Motor business to MWC Inc. for $ 175 million. Two subsidiaries involved in agricultural products, real estate development, and resort hotels in Arizona sold for $ 220.1 million.
1990 to present
The company's last major restructuring took place in 1991. Goodyear hired Stanley Gault, former CEO of Rubbermaid to expand the company into new markets. Moves resulted in 12,000 laid-off employees.
In 2005, Titan Tire bought Goodyear's agricultural tire business, and went on to build tires under license. This acquisition includes a factory in Freeport, Illinois.
On July 10, 2008, Goodyear was recognized as one of America's most respected companies by the Reputation Institute (RI) and Forbes magazine. Goodyear is ranked 16th in the company's third annual list with the best reputation in the United States.
The list is based on the Global Pulse Global consumer opinion survey, which measures the overall respect, trust, dignity, admiration and feelings of good that consumers have for the world's largest companies.
The score is based on the seven dimensions of RI's reputation: product/service, innovation, workplace, citizenship, governance, leadership, and performance. RI said the 2008 survey showed that consumers are strongly influenced by the company's high quality products and services as well as its governance and citizenship.
The Goodyear score of 76.0, representing a 7.54 point increase over 2007 and was the largest year-over-year increase of any company on the list. Goodyear is the only tire company on the top-75 list.
The recognition of RI and Forbes was the fifth significant award for Goodyear in 2008. The company was named the world's most admired company in the auto component industry by Fortune magazine. Audit Integrity Inc. and Forbes magazine placed Sixth on the list of the most trusted companies in America. The Wall Street Journal recognized Goodyear to lead shareholders back over the past five years in the automotive category. Goodyear also ranks among the Top 100 Corporate Citizens selected by CRO magazine.
The company announced in the summer of 2009 that it will close its tire plant in the Philippines as part of its strategy to address a globally uncompetitive manufacturing capacity by the end of the third quarter.
Goodyear announced plans to sell its Latin American off-road tire business assets to Titan Tire for US $ 98.6 million, including a plant in Sao Paulo, Brazil and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand. The deal is similar to US tire asset purchases of Goodyear 2005 by Titan.
In 2011, more than 70 years after the dissolution of Goodyear-Zeppelin Corporation, it was announced that Goodyear would partner with Zeppelin again (the heritage company Zeppelin Luftschifftechnik) to build more zeppelins together.
Timeline
Goodyear & amp; Rubber Company is structured into the following units:
- Asia Pacific Region
- Ryan Patterson, President
- Europe, Middle East & amp; African Business
- Chris Delaney, President
- American Region
- Steve McClellan, President
Board of Directors
- William J. Conaty.
- James A. Firestone.
- Werner Geissler.
- Peter S. Hellman.
- Richard J. Kramer.
- W. Alan McCollough.
- John E. McGlade.
- Roderick A. Palmore.
- Shirley D. Peterson.
- Stephanie Streeter.
- Thomas H. Weidemeyer.
- Michael R. Wessel.
Former Board members include James C. Boland and Rodney O'Neal. Richard Kramer is chief executive officer and president of the company (since 2010), replacing Robert J. Keegan.
Subsidiaries
- Douglas Ban
- Dunlop Tyres ( North America, Europe, Australia and New Zealand )
- Ban Kelly Springfield Company ( United States )
- Fierce
- Lee
- Sava ( Slovenia )
- Fulda ( German )
- D? bica ( polish )
- Wingfoot Commercial Tire System, LLC
- Bluestreak ( Indonesia )
- Regetta ( Australia ) Distributed by KMART
- LS2000 ( Japan ) Distributed by Goodyear Autocare
Maps Goodyear Tire and Rubber Company
Enterprise issues
Foreign Relations with Indonesia in 1960s
Following the military coup in Indonesia in 1965, His Excellency Suharto encouraged Goodyear to return and offer rubber resources and political prisoners as labor. In a special NBC show aired in 1967, reporter Ted Yates broadcast a recording showing former communist rubber guard workers being escorted at gunpoint to a rubber plantation.
Bad because of things in Indonesia, one positive fact is known. Indonesia has the potential for extraordinary wealth in natural resources and the New Order [a fascist regime headed by pro-US. General Suharto] wants it exploited. So they restore the private property taken over by the Sukarno regime. The Goodyear Sumatran rubber kingdom is an example. He was arrested [by rubber workers] in retaliation for US aggression in Vietnam in 1965. The rubber workers' union was run by the Communists, so that after the coup many of them were killed or imprisoned. Some survivors, you see them here, still working rubber - but this time as a prisoner, and at gunpoint.
The demand for sexual discrimination
US Supreme Court Judge Ruth Bader Ginsburg stated,
Lilly Ledbetter was a supervisor at the Goodyear Tire and Rubber factory in Gadsden, Alabama, from 1979 until his retirement in 1998. For much of that year, he worked as an area manager, a position mostly occupied by men. Initially, Ledbetter's salary is consistent with the salary of men who do similar work substantially. However, over time, the pay slips when compared to the salary of the same or less senior male area manager. By the end of 1997, Ledbetter was the only woman working as an area manager and the salary differential between Ledbetter and his 15 male colleagues was striking: Ledbetter was paid $ 3,727 per month; the lowest paid man area manager receives $ 4,286 per month, the highest paid, $ 5,236.
Lilly Ledbetter sued Goodyear claiming that he was paid less than a man doing the same job. He won the suit and got $ 360,000, the jury decided that Goodyear was clearly involved in discrimination. The case was filed with the Supreme Court. In Ledbetter v. Goodyear Tire & amp; Rubber Co. 550 US ___ (2007), Justice Alito is held for a five-justice majority that the employer is protected from lawsuits against race or gender wage discrimination if the claim is based on a decision made by the employer 180 days ago or more. The United States Congress overturned this decision by passing the Lilly Ledbetter Fair Pay Period in 2009 which is the first bill signed into law by President Obama.
This is a case of interpretation by law rather than constitutional. Plaintiff in this case, Lilly Ledbetter, characterizes the situation as a situation in which "different salaries are received during the period of legal restrictions, but are the result of discriminatory payment decisions that occur beyond the time limit." In rejecting Ledbetter's appeal, the Supreme Court said that "he can, and should, sue" when a payment decision is made, instead of waiting outside the 180-day billing period.
Judge Ginsburg disagreed with the Court's opinion, joining Stevens, Souter, and Breyer Judges. He opposes the adoption of a 180-day limit to pay for discrimination, since discrimination often occurs little by little over a large period of time. In addition, the payment information for fellow workers is usually confidential and not available for comparison. Ginsburg argues that wage discrimination is fundamentally different from harmful actions, such as termination of employment. Adverse actions are obvious, but small payment differences are often hard to know for more than 180 days of salary changes. Ginsburg argues that the broad objective improvement of the law does not fit the "narrow" interpretation of the Court. His disagreement confirms that his employer is, "Deliberately carrying past payment discrimination" during the 180 day charging period, and therefore can be held accountable.
Environmental recordings
Researchers at the University of Massachusetts Amherst identify Goodyear as the 19th largest producer of air pollution companies in the United States, with about 4.16 million lbs of toxins released into the air each year. The main pollutants include sulfuric acid, cobalt compounds, and chlorine. Center for Public Integrity reported that Goodyear has been designated as a potentially responsible party in at least 54 superfund toxic waste sites in the country. On February 8, 2008, Goodyear announced the launch of environmentally friendly tires manufactured using cornstarch based ingredients. LS2000 Goodyear Eagle partially replaces traditional carbon black and silica with fillers derived from corn starch thanks to "BioTRED compounding technology". The new technology improves tires "flexibility and resistance to energy loss", which extends the life span of tires and reduces the impact on the environment. Similarly, Goodyear announced on April 22, 2008, that it has joined the SmartWay Transport Partnership of the US Environmental Protection Agency. The transport partnership is an effort between the trucking industry and the EPA to reduce air pollution and greenhouse emissions and improve energy efficiency. SmartWay partner tractors and trailers will use Goodyear's Fuel Max linehaul tires that improve fuel efficiency while reducing emissions. According to Goodyear and EPA officials, "fuel-efficient fuel line tires provide up to a 4% increase in truck fuel economy, and when used with other SmartWay-quality components, every 18-wheel tractor and trailer used remotely can generate savings. up to 4,000 gallons per year, or more than $ 11,000 per year. "
Goodyear factories in Aurangabad and Ballabhgarh, India have received recognition for their excellence in energy conservation, efficiency and management with awards from state and national governments.
Foreign Corruption Practices Cost
On February 24, 2015, Goodyear agreed to pay more than $ 16 million to settle allegations of the Foreign Corrupt Practices Act "FCPA" that its two African subsidiaries allegedly paid $ 3.2 million in bribes that earned $ 14,122,535 in forbidden profits. US Securities and Commission Commission "SEC" FCPA fees involve Goodyear subsidiaries in Kenya and Angola for allegedly paying bribes to governments and private sector workers in return for sales in each country. According to the SEC, "Goodyear does not prevent or detect such improper payments for failing to implement adequate FCPA compliance controls in subsidiaries" and, for its Kenyan subsidiary, "for failing to perform adequate due diligence" prior to acquisition. There is no suggestion that Goodyear has any involvement with or knowledge of the inappropriate behavior of its subsidiaries.
Goodyear Products
Automotive
- Assurance ( All Season Passengers )
- TripleTred All Season
- Triplemax
- ComforTred Touring
- FuelMax
- Maximum CS Fuel (SUV)
- CS TripleTred All Season (SUV)
- Integrity ( OE All Season )
- Fortera ( SUV )
- Silent Armor
- TripleTread
- HL
- SL
- Wrangler ( truck )
- Silent Armor
- All Terrain Adventures
- AT/R
- AT/S
- AT/SA
- RS/A
- RT/S
- SR-A
- TG
- HP
- HP AW
- MTR with Kevlar
- DuraTrac
- DuraGrip
- Radial (only 235/75R15)
- EfficientGrip (Summer Tire)
- EfficientGrip Performance
- EfficientGrip Compact
- Eagle ( Tours/Performance/OE )
- Eagle F1
- SUV Eagle F1 Asym
- Eagle F1 Supercar
- Eagle F1 GS-D3
- Eagle F1 Directional 5
- Eagle F1 Asym
- Eagle F1 Asym 2
- Eagle F1 Asym 3
- Elastic Elastic Grip
- Efficient Grip Performance Eagle
- Eagle GT3
- Eagle LS
- Eagle LS2
- Eagle NCT
- Eagle RS-A
- Eagle RS-A 2
- Eagle RV
- Excellence
- Edge Response
- Carbon Fiber Technology
- Nordic (Winter tire)
- UltraGrip (Winter tire)
- Khadi-27
Commercial
- Commercial Trucks
- Cargo G26
- Cargo Marathon
- Cargo Marathon 2
- Vector Cargo
- Cargo Vector 2
- Maximum Fuel
- Duraseal
- Off The Road Tyres
- Articulated Dump Truck
- Rigid Trucking Truck
- Mobile Crane
- Scaper
- Port & amp; Container Handling
- Dozer and Loader
- Mining Services
- Motor Grader
- ATV Tires
- Rawhide Camo
- Rawhide MT/R
- RV Tires
- Unisteel Series ( G670RV, G149RSA, G169RSA, G647RSS, G614RST )
- Wrangler HT ( all weather )
- Marathon ( trailer )
- Flights
Non-tire industry (licensed product manufactured by Veyance Technologies )
- Airsprings
- Industrial hose
- Hydraulic products
- Conveyor belt products
- Power transmission products
- Transported transport products ( vibration control )
- Rubber Tracks
- Isoprene monomer
- Synthetic rubber for medical applications
- Synthetic rubber for gum
Veyance Technologies was purchased by ContiTech and no longer has Goodyear licensing rights.
Goodyear blade wipers are made under license by Saver Automotive, in Ohio. The wipers are never under the Veyance umbrella.
Manufacturing and development facilities
See also
- List of tire companies
- NASCAR Canadian Tire Series
References
Further reading
- Richard Korman. The Goodyear Story: Inventor Obsession and Struggle for Rubber Monopoly (2002)
- Ronald P. Conlin; "Goodyear Advertising Research: Past, Present and Future" Journal of Advertising Research, Vol. 34, 1994. The real story of Goodyear.
External links
- Goodyear Tire & amp; Rubber Company Website
- Authorized & amp; Goodyear Tires Rubber Company's Facebook Page
- Official Goodyear Blimp Facebook page
- Official Twitter Page of Goodyear Blimp
- Goodyear Tire India Homepage
Source of the article : Wikipedia
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