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Goodyear Tire and Rubber was founced by Frank Seiberling in 1898, and went on to become the third largest tire company in the world, with only Bridgestone and Michelin leading. Goodyear currently makes tires for cars and light trucks, commercial trucks, race cars, airplanes and construction machines. Many people are now familiar with the company's famous blimp, which first flew in 1925. The company was named for Charles Goodyear, inventor of vulcanized rubber, but the company was not otherwise associated with him or his family. (Continue reading below about Goodyear Tires...)
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Goodyear Tires - A Leader For More Than A Century
The early Goodyear tires were popular due to their low maintenance properties and the ease with which they could be detached. The original plant had thirteen employees, making rubber pads for horseshoes, poker chips, and tires for carriages and bicycles. Once the automobile became popular, Goodyear moved to making tires for it as well, and grew significantly.
The 1908 Model T used Goodyear tires, and the first aircraft tire was made by this company in 1909. By 1926, Goodyear had become the world's largest rubber company and by 1985, sales worldwide were greater than ten billion dollars.
Currently Goodyear operates twenty-three manufacturing facilities in North America, including ten tire plants, a plant for making steel wire for tires, four chemical plants, a tire mold plant, three tire retread facilities, two aviation retread plants, and two mix plants, as well as a hose producer in the US. Aggregate floor space of these facilities is nearly twenty-four million square feet.
In addition to the North American facilities, the Goodyear company also owns and operates a number of manufacturing locations in five European countries, including fourteen tire plants and facilities for making tire wire, molds and tire making machines, an aviation retread plant and a mix plant, all with aggregate floor space at about thirteen and a half million square feet.
Other plants exist in Eastern Europe, the Middle East, and Africa, Latin America, Asia and the Pacific Islands. Goodyear also operates three research and development facilities and three proving grounds for their tires, plus nearly two thousand retail outlets. Unlike many competitors, the company has not had a major restructuring since 1991.
In 2008, Goodyear Tire and Rubber was recognized as one of the most respected companies in the US by Forbes Magazine and the Reputation Institute, ranking sixteenth in the listing. This list is based on consumer opinion. Goodyear's 2008 score was significantly higher than the previous year, and this company is the only tire producer in the top seventy-five.
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