Demand for commercial vehicle tyres shrinks Goodyear cuts capacity at Luxembourg plant
According to the Tyrepress website, Goodyear will implement a reduction in production at its Colmar-Berg plant in Luxembourg as market demand continues to shrink.
Goodyear will cancel its production business every Saturday at the Colmar-Berg plant because of the declining market demand for commercial vehicle tires. Previously in October of last year, Goodyear had cancelled the production of its Colmar-Berg plant on Sundays.
It is reported that the Goodmar Colmar-Berg plant has approximately 3,300 employees.
Goodyear spokesman Jean-Paul Bruck said that due to high inventory, the company is currently considering further production cuts at the Colmar-Berg plant; after the Colmar-Berg plant's Sunday production was cancelled in October last year, Goodyear tire inventory levels began Decline, but as the market demand further shrinks, the company's inventory levels have risen again.
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