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Venezuela's government says it will reopen closed Goodyear plant

  12/13/2018 - Caracas, Venezuela - Venezuela's government said it would investigate Goodyear Tire & Rubber Co's local management and re-start operations at its factory, which the U.S. company closed because of deteriorating economic conditions. Goodyear said its Venezuelan tire plant had become "impossible" to maintain because of plummeting demand for consumer goods, the difficulty of importing raw materials, and U.S. sanctions restricting financial transactions. In a statement released by state television, President Nicolas Maduro's administration said it would guarantee the jobs of the factory's 1,160 workers and had started proceedings to re-start operations. The statement did not say whether the government would occupy the plant, as it has done when other foreign corporations exited the country. The government said it had asked the chief state prosecutor to investigate the heads of Goodyear's Venezuelan subsidiary as it considered the plant's closure an act of economic "sabotage."

Tuesday, June 25, 2019

IRC 2019 conference offers rubber courses - click to expand

Alexis Garcin, chairman and president of Michelin North America, elected to USTMA’s board of directors - click to expand

KraussMaffei Berstorff will build a new plant for extrusion technology in Hanover, Germany - click to expand

Trelleborg Lanka places serial order for Enviro's recovered carbon black, EnviroCB - click to expand

Global curing agents market forecast with a CAGR of 6 percent through 2023 - click to expand

Monday, June 24, 2019

Rubber Industry Training Week held in Kuala Lumpur July 1-4 - click to expand

Yokohama announces 3 percent price increase on aftermarket tires in Japan - click to expand

Goodyear to supply Airbus A321XLR with flight radial tires - click to expand

Moldex3D receives Aoki Katashi Innovation Award - click to expand

Akron Dispersions appoints Dr. Kayley Fishel-Hayat, Ph.D., as technical director - click to expand

Global rubber vulcanization market forecast to reach $11.2 billion by 2025 - click to expand

Friday, June 21, 2019

Book of the Day: Rubber & Tire Technology, Volume 1 - click to expand

R.D. Abbott hires Lincoln Gilmour as Canada sales and business manager - click to expand

Asphalt additive market forecast to reach $4.6 billion by 2024 - click to expand

China launches anti-dumping investigation of EPDM imports by U.S., South Korea and the European Union - click to expand

HAGL Agrico to sell rubber company to Thadi - click to expand

Thursday, June 20, 2019

ExxonMobil, Sabic receive approval for $10 billion ethane cracker plant in Texas - click to expand

Bridgestone technology helping ensure earthquake-ready venues for Olympic and Paralympic Games Tokyo 2020 - click to expand

John Bailey honored by ASTM International rubber and rubber-like materials committee - click to expand

Michelin announces price increase for commercial tire line in U.S., Canada - click to expand

RPM International acquires joint sealant manufacturers Schul International and Willseal - click to expand

Leistritz offers free extrusion seminar June 28 - click to expand

Wednesday, June 19, 2019

Schill+Seilacher and Struktol Group announce the passing of owner Ingeborg Gross - click to expand

Yokohama Tire honored with Subaru Supplier Award - click to expand

International Rubber Conference (IRC) 2019 early bird registration ends June 30 - click to expand

Nynas launches process oil for silicone fluid replacement and low temperature ink production - click to expand

Ace Products & Consulting hires marketing intern - click to expand

Freudenberg announces new seals and materials for the aerospace industry - click to expand

Tuesday, June 18, 2019

Nokian Heavy Tyres research and development center to reach full capacity in 2021 - click to expand

Yokohama Tire’s Mississippi plant voted Best Overall Industry in West Point - click to expand

U.S. trade war seminar hosted by Ace Products & Consulting - click to expand

Wes Balentine honored by ASTM International carbon black committee - click to expand

Apollo Tyres introduces EnduMaxx brand light truck tires for the Indian market - click to expand

Market Reports

The global curing agents market forecast with a CAGR of 6% through 2023 - click to expand

Global rubber vulcanization market forecast to reach $11.2 billion by 2025 - click to expand

Asphalt additive market forecast to reach $4.6 billion by 2024 - click to expand

Mold Release Agents market is projected to reach $2.5 billion by 2024 - click to expand

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