Sumitomo Rubber buys a plot of land to further expand its tire plant

Mar 19, 2017

Sumitomo Rubber buys a plot of land to expand its tire plant

The American division Sumitomo Rubber purchased a land plot of 6.4 acres (about 2.5 hectares) in the city of Tonawanda. Previously, this place was a chemical plant destroyed by fire three decades ago.

The site is located next to the tire plant Sumitomo, and the company paid for it 192.9 thousand dollars. So far, the company has reported that it has no specific plans for this site, but this purchase gives Sumitomo more opportunities for the planned expansion of the tire plant.

The plant in question was formerly known as Goodyear Dunlop Tires North America. It came under Sumitomo control in October 2015, and the tire manufacturer presented a plan for investing in the plant $87 million.