Goodyear and Bridgestone Halting Production Due to COVID-19 Concerns
Akron, OH & Nashville, TN – Two major tire manufacturers announced temporary shutdowns of it production facilities in North America and Latin America.
Goodyear Tire and Rubber Co. and Bridgestone Americas each said production at its manufacturing plants are being suspended due to coronavirus concerns.
In a statement, Goodyear said its plants would be shut down until at least April 3 “in response to the sudden decline in market demand resulting from the rapid spread of the COVID-19 pandemic.”
The Goodyear shutdowns will impact tire, retread and chemical plants in Brazil, Canada, Chile, Colombia, Peru, Mexico and the United States.
Bridgestone is shutting down production for a bit longer, according to a statement released by the Nashville-based company last Thursday.
“Bridgestone Americas has announced a temporary phased shutdown of its manufacturing facilities in North America and Latin America. The temporary shutdown will begin the weekend of March 21 with all facilities planning to resume normal operations on or before Sunday, April 12.”
Bridgestone also sought to calm potential fears of dealers and customers of a supply shortage.
“The company has sufficient supply of product to meet customer demand and its distribution centers, plant warehouses and logistics teams will continue to fill orders, but is executing this temporary shutdown to align supply to the predicted demand in the market,” the company said.
Also last week, Mack Trucks and Volvo Trucks North America joined major automakers Ford, General Motors and Chrysler Fiat in temporarily shutting down its manufacturing facilities in the U.S.
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Photo courtesy Goodyear
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