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BUSINESS CIA-II
INFO.
The project is on Goodyear India owned by Goodyear Tires and
Rubber Company situated in Akron, Ohio, The United States of
America. Its Indian Head office is on Mathura Road, Ballabgarh,
Faridabad.
PREPARED BY,
SHASHANK
GOODYEAR INDIA
BARANWAL
ltd.
08D1061
IIBBM-A
7/17/2009
NAME OF THE COMPANY: Goodyear India ltd.
Year of Establishment:
Goodyear India Ltd (Goodyear) was established in 1922 by Goodyear Tire and
Rubber Co, US which currently is the holding company. In 1961, the company began
its own manufacturing in the country. Goodyear manufactures tyres and rubber
goods used by the automobile industry.
Country of Origin :
Number of Employees:
70,000
SUBSIDIARIES:
Goodyear is one of the world’s largest tire companies, with operations in most
regions of the world. Together with its U.S. and international subsidiaries and joint
ventures, Goodyear develops, manufactures, markets and sells tires for most
applications. It also manufactures and sells rubber-related chemicals for various
applications. Goodyear is one of the world’s largest operators of commercial truck
service and retreading centers. In addition, it operates more than 1,600 tire and
auto service center outlets where it offers its products for retail sale and provides
automotive repair and other services. Goodyear manufactures its products in more
than 60 facilities in 25 countries. It has marketing operations in almost every
country around the world.
Dunlop Tyres
The Kelly Springfield Tire Company
Fierce
Lee
Sava Tyres (Slovenia)
Fulda (Germany)
Debica (Poland)
Wingfoot commercial tire systems, LLC.
Bluestreak(Indonesia)
Name Title
Hugo Oswald Dedekind Whole Time Financial Director, Executive Director and
Member of Shareholders/Investors Grievance Committee
Name Title
Hugo Oswald Dedekind Whole Time Financial Director, Executive Director and
Member of Shareholders/Investors Grievance Committee
Name Title
1922: Goodyear tyre and Rubber company Akron, Ohio entered the Indian Market.
1965: The Ballabgarh plant was expanded which increased the plant production by
35%
1993: Goodyear formed a 50-50 joint venture with South- Asian Tyres Ltd. (SATL) at
Aurangabad to manufacture state-of-art radial tyres for car and light truck and bias
construction tyres for graders and earthmovers.
1996: The first tyre GPS2 radial Passenger was rolled out from Aurangabad plant
1999: A significant investment of 9.3 MM USD was made in the farm tyre
manufacturing process.
2002: Goodyear becomes the first tyre manufacturer to roll out tubeless tyres on
Indian roads.
- Pricing/product mix gains of $263 million for quarter, $942 million for year
- Significant cost savings of $205 million for quarter, $700 million for year
2009 Actions
- Global product leadership extended with more than 50 new tire launches
- Cost actions raise 4-point plan savings to $2.5 billion, $700 million in 2009
- Additional capacity reduction of 15 to 25 million units over the next two years
- Cash flow actions target 2009 capital expenditures of $700 to $800 million and
inventory reductions of more than $500 million.
AKRON, Ohio, Feb. 18 -- The Goodyear Tire & Rubber Company today reported
fourth quarter and full year 2008 results and detailed actions to address market
challenges in a much weaker economy.
Goodyear's fourth quarter 2008 sales were $4.1 billion, down from $5.2 billion in the
2007 quarter, despite increases in Goodyear-branded market share. The company's
net loss was $330 million ($1.37 per share), compared with net income of $52
million (23 cents per share) in the 2007 quarter. All per share amounts are diluted.
"Given lower industry demand, we are taking aggressive action, reducing tire
production, cutting costs and adjusting investments to better match market
conditions," said Robert J. Keegan, chairman and chief executive officer.
"The many positive actions we took and the results we achieved in 2008 provide a
base from which we will address the market challenges we will inevitably face in
2009," he said.
2009 Actions
Top Line Growth: The company plans an unprecedented number of new product
launches in 2009, with more than 50 new tires being introduced globally. Targeted to
key segments, these include the new Assurance Fuel Max tire introduced earlier this
month in North America and more recently announced as original equipment on the
new Chevrolet Volt electric vehicle. Significant launches that showcase Goodyear's
innovative new products will be made across all geographic regions.
-- Purchasing actions to lower the cost of both raw materials and indirect materials.
"Collectively, these actions address the new economic realities," said Keegan. "We
will remain flexible and are prepared to take additional actions if market conditions
warrant. Our goal is to ensure Goodyear is positioned for success when tire markets
recover."""
Quarter 1 1 4
MARKET SHARE
Goodyear's top competitors are Michelin and Bridgestone. Goodyear is the third
largest by market share
behind Bridgestone and the leader Michelin. Both competitors are based overseas,
Michelin in France
and Bridgestone in Japan. Michelin is the leading producer in Europe and also is the
leading producer in
China. Bridgestone is the leading producer in Japan. Michelin, has a less favorable
cost base than
Goodyear but can charge higher prices due its superior technology. Through
Bridgestone's combination
of marketing and product mix it has been able to increase its sales dramatically in
comparison to its
Goodyear and the U.S. Department of Energy’s Sandia National Laboratories will
work together to develop new and more efficient manufacturing processes under an
agreement signed here today.
The $17 million pact allows Goodyear and Sandia to share technology. Sandia, as a
Department of Energy national lab, is responsible for designing and manufacturing
oversight of components used in the nation’s defense programs.
the tire company recently announced it would invest $26 million to hire 125 new
engineers and scientists for its technical centers in Akron and Colmar-Berg,
Luxembourg to spur new product development.
Goodyear’s Assurance featuring TripleTred Technology was the only tire included in
the new group of R&D 100 products, and the first tire honored in the contest in 35
years. The tire was designed to be visually arresting, and its eye-catching sinuous
and sculpted directional tread pattern is as attractive as it is functional. The
aggressive appearance also helps retailers explain the tire’s benefits and
technology to consumers.
Dedicated to the research and development of rubber chemicals, Goodyear Tire
makes safe and effective tire treads for a quality consumer market place.
In fact, The Goodyear Tire Company has contributed too many industrial areas that
utilize rubber technology and chemistry, like:
• Rubber Latex
• Hot Melt Adhesives
• Artificial Rubber Turf
• Recyclable Polyester
Great for outdoor adventure, Goodyear’s Rawhide Grip technology allows ATV tires
to survive the toughest roads.Rawhide technology has been created with polymer
tread wear, chip resistant tracks, and 2-ply anti-penetration construction. Check out
some more benefits the ATV Rawhide Tire has to offer, including:
• Mud Traction
• 3/4 Deep Lugs
• Tread Patterns
• Premium Rubber
Today, carbon black and silica are the main reinforcing components used in the tyre
rubber compounds. Both carbon black and silica production processes require non
renewable resources such as crude oil and generate CO2 emissions. Further
evolution in bio-tyre technology anticipates the partial replacement of carbon black
and silica by a new generation of bio filler. These research activities are currently
being performed by Goodyear and its research partner Novamont.
The research project follows the objective of partly replacing the non renewable
rubber reinforcing components with bio-polymeric fillers based on renewable
resources and at the same time achieving a substantial reduction (up to 30 %) of
the tire’s rolling resistance, thus reducing CO2 emission and fuel consumption.
It has been a very successful innovator and has set an example before many of the
organizations in the field of R&D and has been well recognized for it also.
Goodyear has transactions (exports and imports) with the following countries.
NORTH AMERICA
United States
Canada
EUROPE
Belgium
France
Amiens Tires
Montlucon Tires
Germany
Fuerstenwalde Tires
Fulda Tires
Hanau Tires
Philippsburg Tires
Riesa Tires
Wittlich Tires
Luxembourg
Netherlands
Poland
Debica Tires
Slovenia
Kranj Tires
United Kingdom
Birmingham Tires
South Africa
Uitenhage Tires
Turkey
LATIN AMERICA
Brazil
Chile
Santiago Tires
Colombia
Cali Tires
Peru
Lima Tires
Venezuela
Valencia Tires
ASIA PACIFIC
China
DalianTires
India
Aurangabad Tires
Ballabgarh Tires
Indonesia
Bogor Tires
Japan
Tatsuno Tires
Malaysia
Philippines
Singapore
Taiwan
Taipei Tires
Thailand
Goodyear, one of the world's leading tire companies, has a presence on six
continents and annual sales of $19.5 billion. In addition to Goodyear brand tires, it
produces and sells tires under several other well-respected brand names including
Dunlop, Kelly, Fulda, Sava and Debica. Goodyear markets its products in 185
countries and manufactures them in more than 60 plants in 25 countries and
employs about 75,000 people.
GOODYEAR: STRATEGIC BUSINESS UNITS
Geographic Markets
Strategic Business Unit Products & Markets
Served
North American Tire Original equipment and United States, Canada,
replacement tires for autos, Export
trucks, aircraft
Europe, Middle East & Africa Original equipment and Europe, South Africa,
Tire replacement tires for autos, Export
trucks, tractors
Latin America Tire Original equipment and Central America, South
replacement tires for autos, America, Export
trucks, tractors
Asia Pacific Tire Original equipment and Asia, Australia, New
replacement tires for autos, Zealand, Export
trucks, farm, aircraft
GREENFEILD PROJECTS
• Comply with all applicable environmental, health and safety laws and
regulations and Goodyear's global Environmental Protection, Health and
Safety standards.
• Establish environmental health and safety management systems based on
recognized standards, and a set of company-wide goals and objectives for
continual improvement.
• Integrate environmental, health and safety considerations into all key
business decisions - including the design, production, distribution and
support of our products and services.
• Work with suppliers and customers to promote responsible use of our
products.
• Strive to reduce environmental impact and conserve natural resources by
minimizing waste and emissions, reusing and recycling materials, and
responsibly managing energy use.
• Encourage and educate our associates to take personal accountability for
working toward protecting the environment and creating a safe and healthy
workplace.
Meeting these objectives is a primary management goal and the individual and
collective responsibility of all Goodyear associates worldwide.
CORPORATE ISSUES
The policy also restricts off-duty officers of the law from carrying a firearm into the
store as well.
Researchers at the University of Massachusetts Amherst identified Goodyear as
the 25th-largest corporate producer of air pollution in the United States, with
roughly 4.16 million lbs of toxins released into the air annually. Major pollutants
included sulfuric acid, cobalt compounds, and chlorine.[11] The Center for Public
Integrity reports the Goodyear has been named as a potentially responsible party
in at least 54 of the nation's Superfund toxic waste sites.
Goodyear recognizes that it has a responsibility to support and give back to the
communities in which it operates. Goodyear charitable giving and community
enterprise programs are based on the principle that corporate social responsibility
is the right thing to do. Throughout the world, Goodyear is one of the leading
employers, and communities look to the company for support.
Asia-Pacific
Typhoon Relief
European Union
Latin America
• This group provides a main source of income for numerous residents of the
Zwide township in Port Elizabeth, South Africa. Members focus on traditional
African and modern beadwork and sewing. Following a burglary of the
North America
Education Programs
• This program is designed for middle school and high school students and
their parents. Goodyear helps teach them about career choices available
with an engineering degree.
• This program, the world’s largest corporate road race series, was named
"Charitable Event of the Year" in 2006 by U.S. Track & Field. Goodyear
associates in Buffalo, New York participate as part of a company team.
Worldwide
MAJOR ACHJIEVEMENTS
LINKS:
http://www.energymanagertraining.com/eca2006/Award2006_CD/31Tyre/GoodyearIndiaLimited
BallabgarhPlant.pdf
http://en.wikipedia.org/wiki/Goodyear_Tire_and_Rubber_Company
http://www.wikinvest.com/stock/Goodyear_Tire_&_Rubber_Company_(GT)
http://www.goodyear.co.in/
http://info.shine.com/company/Goodyear-India-Limited/799.aspx