According to Dow Jones News, Goodyear Tire & Rubber Co., GT, said on Wednesday that due to growth in demand, the company will invest US$250 million in equipment upgrades and expansions for its subsidiary in Japan to improve the application of road construction and mining. The production capacity of large-scale engineering tires. Goodyear recently purchased a partial stake in Nippon Giant Tire from joint venture partners Toyo Tire & Rubber Co. Ltd. and Mitsubishi Corporation, making NGT a wholly-owned subsidiary. After completion of the expansion in 2014, NGT will have a complete set of 57-inch engineering tire production lines, which may even produce 63-inch engineering tires in the future.
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