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INTERNATIONAL BUSINESS CIA-II
INFO.The project is on Goodyear India owned by Goodyear Tires and Rubber Company situated in Akron, Ohio, The United States of America. Its Indian Head office is on Mathura Road, Ballabgarh, Faridabad.
PREPARED BY,GOODYEAR INDIA ltd. SHASHANK BARANWAL 08D1061 7/17/2009 IIBBM-A
NAME OF THE COMPANY: Goodyear India ltd. Year of Establishment:Goodyear India Ltd (Goodyear) was established in 1922 by Goodyear Tire and Rubber Co, US which currently is the holding company. In 1961, the company began its own manufacturing in the country. Goodyear manufactures tyres and rubber goods used by the automobile industry.
Country of Origin
The United States of America, Ohio
Nature of Business Diversification:Tyres, flaps, industrial rubber products.
Number of Employees:70,000
SUBSIDIARIES:Goodyear is one of the worlds largest tire companies, with operations in most regions of the world. Together with its U.S. and international subsidiaries and joint ventures, Goodyear develops, manufactures, markets and sells tires for most applications. It also manufactures and sells rubber-related chemicals for various applications. Goodyear is one of the worlds largest operators of commercial truck service and retreading centers. In addition, it operates more than 1,600 tire and auto service center outlets where it offers its products for retail sale and provides automotive repair and other services. Goodyear manufactures its products in more than 60 facilities in 25 countries. It has marketing operations in almost every country around the world. Product Profile and Portfolio of Business: Goodyear manufactures automotive bias tyres viz. medium commercial truck and farm tyres. The company also trades in Goodyear branded tyres including radial passenger and off-the-road bias tyres. The other products manufactured by the company include tubes, flaps and other industrial rubber products. The other brands promoted by the holding company include Dunlop, Kelly, Sava and Fulda. Goodyear has an installed capacity to manufacture 1.2 mn tyres, 1.3 mn tubes and over 300,000 flaps. The companys radial passenger tyres are manufactured by its subsidiary Goodyear South Asia Tyres Pvt Ltd in Ahmedabad, Gujarat. The company undertakes R&D at the technical centres of the holding company located in Luxembourg, Akron and Japan.
In the farm segment, Goodyear tyres are supplied to tractor manufacturers like PTL, ITL, TAFE, Eicher and Escorts where as the trucks and HV tyres are sold to TELCO, Ashok Leyland, and Swaraj Mazda among others. The company exports to Pakistan, Nepal, Bangaldesh, Sri Lanka, Bhutan, Australia, Dubai, Hong Kong and Phillipines. In 2006 the company launched its retail store shop-in-shop in eight cities.
Dunlop Tyres The Kelly Springfield Tire Company Fierce Lee Sava Tyres (Slovenia) Fulda (Germany) Debica (Poland) Wingfoot commercial tire systems, LLC.
Bluestreak(Indonesia) Regetta (Australia) Distributed by KMART LS2000 (Japan) Disributed by Goodyear Autocare
KEY EXECUTIVES - GOODYEAR INDIA LTD. (GDYR)
Name Rajeev Anand Member of Audit Committee
Title Vice Chairman, Managing Director and
Hugo Oswald Dedekind Whole Time Financial Director, Executive Director and Member of Shareholders/Investors Grievance Committee Hingorani Harish Head of IT
BOARD OF DIRECTORS - GOODYEAR INDIA LTD. (GDYR)
Name Pierre E. Cohade Rajeev Anand
Primary Company Goodyear Tire & Rubber Co. Goodyear India Ltd.
Hugo Oswald Dedekind C. Dasgupta Ravi Vira Gupta
Goodyear India Ltd.
Goodyear India Ltd. Seshasayee Paper and Boards Ltd.
EXECUTIVE COMMITTEES* - GOODYEAR INDIA LTD. (GDYR) Committee Name Audit Committee Corporate Governance Committee Executives Name Rajeev Anand Member of Audit Committee Chairperson Ravi Vira Gupta C. Dasgupta Title Vice Chairman, Managing Director and Members 4 Executives 5 Relationships 4
Hugo Oswald Dedekind Whole Time Financial Director, Executive Director and Member of Shareholders/Investors Grievance Committee Hingorani Harish Name Chris Aked Ajay Aneja Ronn Archer Jennifer Arnold Damon Audia Dave Beasley Systems, North America Pilar Bernal Mike Blackburn Judith Bodenham John Boland Henry Braun Head of IT Title Director, Communications, Europe Media Contact, India VP, Finance, Europe Media Contact, Blimps and Broadcasting Assistant Treasurer, Capital Markets Director, Tire Sales, Commercial Tire Media Contact, Mexico General Manager, Retail Operations Media Contact, Great Britain (Birmingham) Advertising Manager, Retail Stores Division General Manager, Russia
Amy Brei Jean-Paul Bruck Karen Burke Paulina Campo de Carvajal Marina Canziani Luiz Carlos Martins Peter Christoffersen Christopher Clark Pierre Cohade Joseph Copeland Chris Corcoran Andrzej Czarnecki Arthur de Bok Phillippe DeGeer Mohamed Touham El Ouazzani Ted Fick Johann Finkelmeier Tires, North American Tire Eduardo Fortunato Joseph Gingo Jason Ginsberg Rick Godic Barbara Gould Tom Grolemund Nestor Hansen Donald Harper Shared Services
Media Contact, Agricultural Tires Media Contact, Luxembourg VP, 6 Sigma Media Contact, Colombia Media Contact, Italy Partner General Manager, Commercial Tire Systems SVP, Global Sourcing President, Asia-Pacific Region CEO, South Pacific Tyres President, Goodyear Brazil Media Contact, Poland (Debica) President, European Union Business General Manager, France Media Contact, Morocco President, Commercial Tire Systems VP and General Manager, Original Equipment President, Latin American Region EVP, Quality Systems and CTO Director, Marketing Services Manager, Operations Director, Investor Relations General Manager, Chemicals Associate Scientist VP, Human Resources, North America
Lize Hayward William Hopkins Tricia Ingraham Technology Pierre Jambon Isabel Jasinowski Jarro Kaplan Africa Tire Robert Keegan Elke Klamann Thomas Kong Donn Kramer Systems, North America Richard Kramer Samuel Landers Jelka Laurencic Michael Lavetzis
Media Contact, South Africa VP, Technology and Strategic Initiatives Media Contact, Financial Information and Tire General Manager, Global Aviation VP, Government Relations President, Eastern Europe, Middle East, and Chairman, President, and CEO Media Contact, Germany VP, Retail Services Director, Marketing, Commercial Tire EVP and CFO Research and Development Fellow Media Contact, Slovenia Media Contact, Greece VP, Public Relations and
Edward Markey Communications, North American Tire Lawrence Mason Ron Maulsby Steve McCellan Tire Gary Miller Andreas Niegsch Robert Novotny Technology Siriluck Ongthaveekiat
President, Consumer Tires, North American Tire Media Contact, Environmental Issues VP, Commercial Sales, North American VP, Purchasing and Chief Procurement Officer General Manager, UK VP, Global Engineering and Manufacturing Media Contact, Thailand
Michael Parnell America Steve Pauly North American Tire Ron Pike Brett Ponton Michael Pulte American Tire Jonathan Rich Jesse Roeck Michel Rzonzef Africa, and Middle East Iman Santoso Skip Scherer and Hoses Peter Schmidt Rene Silva Charles Sinclair Dipinder Singh Clint Smith Faith Stewart and Minority Affairs Carole Swartz Jacek Szklarek Laura Thompson Timothy Toppen Cesar Victora Guy Villa Marc Voorhees
VP, Original Equipment Sales, North Director, Manufacturing, Commercial Tires, Media Contact, Great Britain (Wolverhampton) VP, Goodyear North American Consumer Retail Manager, Extreme Peformance, North President, North American Tire Director, Tire Development and Tech Center Director, Marketing, Eastern Europe, Media Contact, Indonesia Media Contact, Automotive and Industrial Belts Media Contact, Germany Media Contact, Philippines SVP, Global Communications Director, Global Requirements Planning Media Contact, Kelly-brand Tires Media Contact, Charitable Contributions Media Contact, Racing Media Contact, Poland VP, Business Development President, Engineered Products Media Contact, Venezuela Account Executive, Ford Motor Company VP Finance, North American Tire
Christopher Werner Stephanie Wernet Dave Wilkins Jack Winterton Joe Zekoski
VP, Manufacturing, North American Tire VP, Information Technology and CIO Media Contact, Aviation Tires VP, Consumer Sales, North American Tire General Director, Luxembourg Technical Center
MERGERS AND ACQUISITIONS AND CROSS SHARING1922: Goodyear tyre and Rubber company Akron, Ohio entered the Indian Market. 1961: Goodyear India's own manufacturing facility was inaugurated in Ballabgarh, 32 kms from Indias capital New Delhi .The plant had an investment of US $12million and was commissioned within 12 months. 1965: The Ballabgarh plant was expanded which increased the plant production by 35% 1969-70: The production increased by nearly 100% 1993: Goodyear formed a 50-50 joint venture with South- Asian Tyres Ltd. (SATL) at Aurangabad to manufacture state-of-art radial tyres for car and light truck and bias construction tyres for graders and earthmovers. 1996: The first tyre GPS2 radial Passenger was rolled out from Aurangabad plant 1998: SATL becomes a fully owned Goodyear Company 1999: A significant investment of 9.3 MM USD was made in the farm tyre manufacturing process. 2002: Goodyear becomes the first tyre manufacturer to roll out tubeless tyres on Indian roads.
PRESENT FINANCIAL PERFORMANCEQuarterly Report For GOODYEAR INDIA(2008) - Sales of $4.1 billion for quarter, $19.5 billion for year - Pricing/product mix gains of $263 million for quarter, $942 million for year
- Significant cost savings of $205 million for quarter, $700 million for year
2009 Actions- Global product leadership extended with more than 50 new tire launches - Cost actions raise 4-point plan savings to $2.5 billion, $700 million in 2009