Goodyear has openly stated its desire to sell the company Luxembourg steel cord factory. As it disclosed to the 'Luxemburger Wort' newspaper, talks with 'four potential buyers' are underway, including with Belgium’s Bekaert, global top supplier of steel cord.

The newspaper adds that the wire plant’s sale could be interpreted to be part of Goodyear’s new management policy, one it wants in future to focus as far as possible concentrate upon the core business of tyre production, a change in strategy that Goodyear’s employees were recently informed about through an internal notice.

A company spokesperson told the newspaper that no contracts have been made and no offer as yet given. A buyer has also not yet been selected.

(Sourced from www.tyrepress.com)