Goodyear Tire & Rubber Under Way with $150 Million Expansion in Oklahoma

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Researched by Industrial Info Resources (Sugar Land, Texas)--Goodyear Tire & Rubber Company (NYSE:GT) (Akron, Ohio) is constructing a $150 million expansion of the company's Lawton, Oklahoma, tire-manufacturing plant.

Construction began in February of this year for a 150,000-square-foot addition that will include construction of a 50,000-square-foot building and a security building, which are scheduled to begin in July. The expansion includes the relocation of a tire building machine from a closing plant in Tyler, Texas, plus the installation of supporting equipment to increase the Lawton plant's modernization. Completion is scheduled by the end of 2012.

Crossland Construction Incorporated (Columbus, Kansas) was selected to provide general construction services and W&W AFCO Steel (Oklahoma City, Oklahoma) was selected as the steel contractor.

The Goodyear Tire & Rubber Company manufactures tires for commercial trucks, automobiles, light trucks, sports utility vehicles, race cars, airplanes and heavy earth-mover machinery. The company owns/leases and operates 23 manufacturing facilities in the United States and Canada. As of 2007, the company had revenues estimated at $19 billion and an operating income of $1.6 billion. They have 71,000 employees worldwide.

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