G O O D Y E A R I N D I A l t d .

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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,

SHASHANK BARANWAL

08D1061

IIBBM-A

INTERNATIONAL BUSINESS CIA-II

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 world’s 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 world’s 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 company’s 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 Title

Rajeev Anand Vice Chairman, Managing Director and Member of Audit Committee

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 Primary Company

Pierre E. Cohade Goodyear Tire & Rubber Co.

Rajeev Anand Goodyear India Ltd.

Hugo Oswald Dedekind Goodyear India Ltd.

C. Dasgupta Goodyear India Ltd.

Ravi Vira Gupta Seshasayee Paper and Boards Ltd.

EXECUTIVE COMMITTEES* - GOODYEAR INDIA LTD. (GDYR)

Committee Name Chairperson Members

Audit Committee Ravi Vira Gupta 4 Executives

Corporate Governance Committee C. Dasgupta 5 Relationships 4 Executives

Name Title

Rajeev Anand Vice Chairman, Managing Director and Member of Audit Committee

Hugo Oswald Dedekind Whole Time Financial Director, Executive Director and Member of Shareholders/Investors Grievance Committee

Hingorani Harish Head of IT

Name Title

Chris Aked Director, Communications, Europe

Ajay Aneja Media Contact, India

Ronn Archer VP, Finance, Europe

Jennifer Arnold Media Contact, Blimps and Broadcasting

Damon Audia Assistant Treasurer, Capital Markets

Dave Beasley Director, Tire Sales, Commercial Tire Systems, North America

Pilar Bernal Media Contact, Mexico

Mike Blackburn General Manager, Retail Operations

Judith Bodenham Media Contact, Great Britain (Birmingham)

John Boland Advertising Manager, Retail Stores Division

Henry Braun General Manager, Russia

Amy Brei Media Contact, Agricultural Tires

Jean-Paul Bruck Media Contact, Luxembourg

Karen Burke VP, 6 Sigma

Paulina Campo de Carvajal Media Contact, Colombia

Marina Canziani Media Contact, Italy

Luiz Carlos Martins Partner

Peter Christoffersen General Manager, Commercial Tire Systems

Christopher Clark SVP, Global Sourcing

Pierre Cohade President, Asia-Pacific Region

Joseph Copeland CEO, South Pacific Tyres

Chris Corcoran President, Goodyear Brazil

Andrzej Czarnecki Media Contact, Poland (Debica)

Arthur de Bok President, European Union Business

Phillippe DeGeer General Manager, France

Mohamed Touham El Ouazzani Media Contact, Morocco

Ted Fick President, Commercial Tire Systems

Johann Finkelmeier VP and General Manager, Original Equipment Tires, North American Tire

Eduardo Fortunato President, Latin American Region

Joseph Gingo EVP, Quality Systems and CTO

Jason Ginsberg Director, Marketing Services

Rick Godic Manager, Operations

Barbara Gould Director, Investor Relations

Tom Grolemund General Manager, Chemicals

Nestor Hansen Associate Scientist

Donald Harper VP, Human Resources, North America Shared Services

Lize Hayward Media Contact, South Africa

William Hopkins VP, Technology and Strategic Initiatives

Tricia Ingraham Media Contact, Financial Information and Tire Technology

Pierre Jambon General Manager, Global Aviation

Isabel Jasinowski VP, Government Relations

Jarro Kaplan President, Eastern Europe, Middle East, and Africa Tire

Robert Keegan Chairman, President, and CEO

Elke Klamann Media Contact, Germany

Thomas Kong VP, Retail Services

Donn Kramer Director, Marketing, Commercial Tire Systems, North America

Richard Kramer EVP and CFO

Samuel Landers Research and Development Fellow

Jelka Laurencic Media Contact, Slovenia

Michael Lavetzis Media Contact, Greece

Edward Markey VP, Public Relations and Communications, North American Tire

Lawrence Mason President, Consumer Tires, North American Tire

Ron Maulsby Media Contact, Environmental Issues

Steve McCellan VP, Commercial Sales, North American Tire

Gary Miller VP, Purchasing and Chief Procurement Officer

Andreas Niegsch General Manager, UK

Robert Novotny VP, Global Engineering and Manufacturing Technology

Siriluck Ongthaveekiat Media Contact, Thailand

Michael Parnell VP, Original Equipment Sales, North America

Steve Pauly Director, Manufacturing, Commercial Tires, North American Tire

Ron Pike Media Contact, Great Britain (Wolverhampton)

Brett Ponton VP, Goodyear North American Consumer Retail

Michael Pulte Manager, Extreme Peformance, North American Tire

Jonathan Rich President, North American Tire

Jesse Roeck Director, Tire Development and Tech Center

Michel Rzonzef Director, Marketing, Eastern Europe, Africa, and Middle East

Iman Santoso Media Contact, Indonesia

Skip Scherer Media Contact, Automotive and Industrial Belts and Hoses

Peter Schmidt Media Contact, Germany

Rene Silva Media Contact, Philippines

Charles Sinclair SVP, Global Communications

Dipinder Singh Director, Global Requirements Planning

Clint Smith Media Contact, Kelly-brand Tires

Faith Stewart Media Contact, Charitable Contributions and Minority Affairs

Carole Swartz Media Contact, Racing

Jacek Szklarek Media Contact, Poland

Laura Thompson VP, Business Development

Timothy Toppen President, Engineered Products

Cesar Victora Media Contact, Venezuela

Guy Villa Account Executive, Ford Motor Company

Marc Voorhees VP Finance, North American Tire

Christopher Werner VP, Manufacturing, North American Tire

Stephanie Wernet VP, Information Technology and CIO

Dave Wilkins Media Contact, Aviation Tires

Jack Winterton VP, Consumer Sales, North American Tire

Joe Zekoski General Director, Luxembourg Technical Center

MERGERS AND ACQUISITIONS AND CROSS SHARING

1922: 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 India’s 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 PERFORMANCE

Quarterly 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

- Personnel reductions of nearly 5,000 planned, salaries frozen

- Additional capacity reduction of 15 to 25 million units over the next two years

- Cash flow actions target 2009 capital expenditures of $700 to $800 million and inventory reductions of more than $500 million.

AKRON, Ohio, Feb. 18 -- The Goodyear Tire & Rubber Company today reported fourth quarter and full year 2008 results and detailed actions to address market challenges in a much weaker economy.

Goodyear's fourth quarter 2008 sales were $4.1 billion, down from $5.2 billion in the 2007 quarter, despite increases in Goodyear-branded market share. The company's net loss was $330 million ($1.37 per share), compared with net income of $52 million (23 cents per share) in the 2007 quarter. All per share amounts are diluted.

"Given lower industry demand, we are taking aggressive action, reducing tire production, cutting costs and adjusting investments to better match market conditions," said Robert J. Keegan, chairman and chief executive officer.

"The many positive actions we took and the results we achieved in 2008 provide a base from which we will address the market challenges we will inevitably face in 2009," he said.

2009 Actions

Consistent with Goodyear's ongoing strategies, Keegan announced actions in three key areas to address the economic environment in 2009.

Top Line Growth: The company plans an unprecedented number of new product launches in 2009, with more than 50 new tires being introduced globally. Targeted to key segments, these include the new Assurance Fuel Max tire introduced earlier this month in North America and more recently announced as original equipment on the new Chevrolet Volt electric vehicle. Significant launches that showcase Goodyear's innovative new products will be made across all geographic regions.

Cost Reductions: Goodyear plans to further reduce costs by approximately $700 million in 2009 and has therefore raised its four-point cost savings plan target to $2.5 billion. Actions include:

-- Further reducing personnel levels by nearly 5,000 in addition to almost

4,000 reductions in the second half of 2008 and freezing salaries.

-- Implementing new cost control policies to eliminate non-essential discretionary spending.

-- Purchasing actions to lower the cost of both raw materials and indirect materials.

In addition, Goodyear plans to eliminate between 15 million and 25 million units of additional manufacturing capacity worldwide over the next two years. Managing for Cash: The Company plans to implement a number of cash flow actions in 2009, including:

-- Cutting capital expenditures to between $700 million and $800 million.

-- Reducing inventory levels by more than $500 million.

-- Pursuing the sale of non-core assets.

"Collectively, these actions address the new economic realities," said Keegan. "We will remain flexible and are prepared to take additional actions if market conditions warrant. Our goal is to ensure Goodyear is positioned for success when tire markets recover."""

Quarter 1 1 4

Term (no of months) 3 3 3

Sale 19,343.00 -7.00 20,800.00 -5.70 25,355.00

Other Income 174.00 -62.74 467.00 27.95 -297.00

Total expenses 17,156.00 -9.39 18,934.00 -6.94 24,484.00

Stock/inventories 543.00 - -1,144.00 - 2,999.00

Raw material 7,498.00 -28.64 10,508.00 -2.57 9,522.00

Staff cost 1,281.00 24.01 1,033.00 13.52 1,236.00

Other expenses 7,834.00 -8.23 8,537.00 -17.22 10,727.00

Gross profit 2,296.00 0.83 2,277.00 19.15 516.00

Interest 65.00 16.07 56.00 -66.06 58.00

Depreciation 311.00 3.32 301.00 9.06 249.00

Tax 684.00 -4.20 714.00 14.79 274.00

Net profit 1,301.00 3.09 1,262.00 24.58 -7.00

Equity 2,307.00 0.00 2,307.00 0.00 2,307.00

Reserves 0.00 - 0.00 - 0.00

Dividend 0.00 - 0.00 - 0.00

MARKET SHARE

Goodyear's top competitors are Michelin and Bridgestone. Goodyear is the third largest by market share

behind Bridgestone and the leader Michelin. Both competitors are based overseas, Michelin in France

and Bridgestone in Japan. Michelin is the leading producer in Europe and also is the leading producer in

China. Bridgestone is the leading producer in Japan. Michelin, has a less favorable cost base than

Goodyear but can charge higher prices due its superior technology. Through Bridgestone's combination

of marketing and product mix it has been able to increase its sales dramatically in comparison to its

competitors while charging higher prices.

Company Comparison in 2008

Company Revenue (in millions)

Revenue Growth

Largest Sales Region

Operating Margin

Research and Development Cost (in millions)

Goodyear $20,258 2.7% North America 3.9% $359

Michelin $22,031 5.1% Europe 8.2% $591

Bridgestone $25,113 11.1% North America 6.4% $728

RESEARCH AND DEVELOPMENTS AND PATENTS RIGHTS

Goodyear and the U.S. Department of Energy’s Sandia National Laboratories will work together to develop new and more efficient manufacturing processes under an agreement signed here today.

The $17 million pact allows Goodyear and Sandia to share technology. Sandia, as a Department of Energy national lab, is responsible for designing and manufacturing oversight of components used in the nation’s defense programs.

the tire company recently announced it would invest $26 million to hire 125 new engineers and scientists for its technical centers in Akron and Colmar-Berg, Luxembourg to spur new product development.

Goodyear’s Assurance featuring TripleTred Technology was the only tire included in the new group of R&D 100 products, and the first tire honored in the contest in 35 years. The tire was designed to be visually arresting, and its eye-catching sinuous and sculpted directional tread pattern is as attractive as it is functional. The aggressive appearance also helps retailers explain the tire’s benefits and technology to consumers.

Dedicated to the research and development of rubber chemicals, Goodyear Tire makes safe and effective tire treads for a quality consumer market place.

In fact, The Goodyear Tire Company has contributed too many industrial areas that utilize rubber technology and chemistry, like:

Rubber Latex Hot Melt Adhesives Artificial Rubber Turf Recyclable Polyester

Great for outdoor adventure, Goodyear’s Rawhide Grip technology allows ATV tires to survive the toughest roads.Rawhide technology has been created with polymer tread wear, chip resistant tracks, and 2-ply anti-penetration construction. Check out some more benefits the ATV Rawhide Tire has to offer, including:

Mud Traction 3/4 Deep Lugs Tread Patterns Premium Rubber

One of Goodyear's ongoing research and development projects is an initiative to develop an ultra low rolling resistance tyre with environmentally friendly resources. The grant is part of the European Union's LIFE-Environment program. For this project Goodyear is working in close co-operation with two research partners: the Italian research company Novamont and the German car maker BMW.

Today, carbon black and silica are the main reinforcing components used in the tyre rubber compounds. Both carbon black and silica production processes require non renewable resources such as crude oil and generate CO2 emissions. Further evolution in bio-tyre technology anticipates the partial replacement of carbon black and silica by a new generation of bio filler. These research activities are currently being performed by Goodyear and its research partner Novamont.

The research project follows the objective of partly replacing the non renewable rubber reinforcing components with bio-polymeric fillers based on renewable resources and at the same time achieving a substantial reduction (up to 30 %) of the tire’s rolling resistance, thus reducing CO2 emission and fuel consumption.

It has been a very successful innovator and has set an example before many of the organizations in the field of R&D and has been well recognized for it also.

EXPORTS AND IMPORTS

Goodyear has transactions (exports and imports) with the following countries.

NORTH AMERICA

United States

Akron, Ohio World Headquarters, North American Tire headquarters, technical center, racing tires, tire proving grounds, global purchasing, airship operations, research and development facilities

Asheboro, North Carolina Steel tire cord

Bayport, Texas Chemicals

Beaumont, Texas Synthetic rubber

Carson, California Airship operations

Danville, Virginia Tires

Fayetteville, North Carolina Tires

Gadsden, Alabama Tires

Houston, Texas Synthetic rubber

Huntsville, Alabama Tire proving grounds

Kingman, Arizona Aero retread facility

Lawton, Oklahoma Tires

Niagara Falls, New York Chemicals

Pompano Beach, Florida Airship operations

San Angelo, Texas Tire proving grounds

Social Circle, Georgia Tread rubber

Spartanburg, South Carolina Tread rubber

Statesville, North Carolina Tire molds

Stockbridge, Georgia Aero retread facility

Tonawanda, New York Tires

Topeka, Kansas Tires

Union City, Tennesse Tires

West Amherst, New York Goodyear Dunlop Tires North America Headquarters

Canada

Medicine Hat, Alberta Tires

Napanee, Ontario Tires

Valleyfield, Quebec Mixing Center

EUROPE

Belgium

Brussels Goodyear Dunlop Tires Europe headquarters; Europe, Middle East & Africa Tire headquarters

France

Amiens Tires

Mireval Tire proving grounds

Montlucon Tires

Germany

Fuerstenwalde Tires

Fulda Tires

Hanau Tires

Philippsburg Tires

Riesa Tires

Wittlich Tires

Luxembourg

Colmar-Berg Tires, steel tire cord, tire molds, technical center, tire proving grounds

Netherlands

Tilburg Aero retread facility

Poland

Debica Tires

Slovenia

Kranj Tires

United Kingdom

Birmingham Tires

Wolverhampton Mixing Center

MIDDLE EAST AND AFRICA

South Africa

Uitenhage Tires

Turkey

Adapazari, Turkey Tires

Izmit, Turkey Tires

United Arab Emirates

Dubai Regional tire sales and distribution

LATIN AMERICA

Brazil

Americana Tires, tire proving grounds, films

Santa Barbara Retread materials

Sao Paulo Latin America Tire headquarters, tires, aero retread facility

Chile

Santiago Tires

Colombia

Cali Tires

Peru

Lima Tires

Venezuela

Valencia Tires

ASIA PACIFIC

China

Dalian Tires

Shanghai Asia Pacific Tire headquarters

India

Aurangabad Tires

Ballabgarh Tires

Indonesia

Bogor Tires

Japan

Tatsuno Tires

Malaysia

Kuala Lumpur Tires

Philippines

Las Pinas Tires

Singapore

Singapore Natural rubber purchasing

Taiwan

Taipei Tires

Thailand

Bangkok Tires, Aero retread facility

GOODYEAR: SERVING CUSTOMERS WORLDWIDE Goodyear, one of the world's leading tire companies, has a presence on six continents and annual sales of $19.5 billion. In addition to Goodyear brand tires, it produces and sells tires under several other well-respected brand names including Dunlop, Kelly, Fulda, Sava and Debica. Goodyear markets its products in 185 countries and manufactures them in more than 60 plants in 25 countries and employs about 75,000 people.

GOODYEAR: STRATEGIC BUSINESS UNITS Goodyear strategic business units are organized to meet customer requirements around the world.

Strategic Business Unit Products & Markets Geographic Markets Served

North American Tire Original equipment and replacement tires for autos, trucks, aircraft

United States, Canada, Export

Europe, Middle East & Africa Tire Original equipment and replacement tires for autos, trucks, tractors

Europe, South Africa, Export

Latin America Tire Original equipment and replacement tires for autos, trucks, tractors

Central America, South America, Export

Asia Pacific Tire Original equipment and replacement tires for autos, trucks, farm, aircraft

Asia, Australia, New Zealand, Export

GREENFEILD PROJECTS

PROTECT AND PRESERVE

Goodyear is committed to protecting the environment and the health and safety of their associates, their customers, and the communities where they operate. As a global socially responsible corporate citizen, goodyear

conducts the business with the highest applicable legal and ethical standards and shall strive to contribute to economic development and environmental protection, while seeking to improve the quality of life for associates, families and communities, and society in general. We want our associates to have a work environment where they feel safe and secure. To that end, we shall:

Comply with all applicable environmental, health and safety laws and regulations and Goodyear's global Environmental Protection, Health and Safety standards.

Establish environmental health and safety management systems based on recognized standards, and a set of company-wide goals and objectives for continual improvement.

Integrate environmental, health and safety considerations into all key business decisions - including the design, production, distribution and support of our products and services.

Work with suppliers and customers to promote responsible use of our products.

Strive to reduce environmental impact and conserve natural resources by minimizing waste and emissions, reusing and recycling materials, and responsibly managing energy use.

Encourage and educate our associates to take personal accountability for working toward protecting the environment and creating a safe and healthy workplace.

Meeting these objectives is a primary management goal and the individual and collective responsibility of all Goodyear associates worldwide.

CORPORATE ISSUES

Sexual discrimination lawsuits

Lilly Ledbetter was a supervisor at Goodyear Tire and Rubber’s plant in Gadsden, Alabama, from 1979 until her retirement in 1998. For most of those years, she worked as an area manager, a position largely occupied by men. Initially, Ledbetter’s salary was in line with the salaries of men performing substantially similar work. Over time, however, her pay slipped in comparison to the pay of male area managers with equal or less seniority. By the end of 1997, Ledbetter was the only woman working as an area manager and the pay discrepancy between Ledbetter and her 15 male counterparts was stark: Ledbetter was paid $3,727 per month; the lowest paid male area manager received $4,286 per month, the highest paid, $5,236. Lilly Ledbetter sued Goodyear claiming she was paid less than men doing the same work. She won the suit and was awarded $360,000, the jury deciding that Goodyear had clearly engaged in discrimination.

"No Firearms" policy

Recently customers have noticed a "no firearms allowed" sign posted on the entrance doors to all

Goodyear stores. The official response from the company is as follows:

In an effort to ensure the safety and security of our associates and customers, we have a

clear company policy regarding weapons in the workplace. The Goodyear Tire and Rubber

Co. prohibits all persons who enter Company property from carrying a handgun, firearm, or

prohibited weapon of any kind onto the property regardless of whether the person is licensed

to carry the weapon or not. Exceptions apply to on-duty law enforcement personnel. This

policy applies to all Company employees, visitors, customers, and contractors on Company

property -- including our Company-owned stores. All Company properties have received a

decal or sign referencing this policy, and have been instructed to post it.

The policy also restricts off-duty officers of the law from carrying a firearm into the store as well.

Researchers at the University of Massachusetts Amherst identified Goodyear as the 25th-largest corporate producer of air pollution in the United States, with roughly 4.16 million lbs of toxins released into the air annually. Major pollutants included sulfuric acid, cobalt compounds, and chlorine.[11] The Center for Public Integrity reports the Goodyear has been named as a potentially responsible party in at least 54 of the nation's Superfund toxic waste sites.

Goodyear's plants in Aurangabad and Ballabgarh, India have received recognition for their excellence in energy conservation, efficiency and management with awards from both state and national governments.

CORPORATE SOCIAL RESPONISIBILITY

Goodyear recognizes that it has a responsibility to support and give back to the communities in which it operates. Goodyear charitable giving and community enterprise programs are based on the principle that corporate social responsibility is the right thing to do. Throughout the world, Goodyear is one of the leading employers, and communities look to the company for support.

Asia-Pacific

Emergency Earthquake Relief

In May 2006, Indonesia suffered an earthquake with a magnitude of 5.9. More than 4,000 died and over 100,000 were displaced. Goodyear Indonesia responded with emergency relief, including food, clothing and money.

Typhoon Relief

In 2006, the western portion of China’s Guangdong Province suffered losses from floods and heavy rains due to Typhoons Bilis and Prapiroon. Goodyear joined with one of China’s influential news organizations to auction photographs of the Goodyear Blimp’s first flight to

Guangdong Province. Proceeds from the auction, along with other donations from Goodyear, generated more than $38,000.

European Union

Royal National Lifeboat Association

Since 2004, Goodyear associates in the United Kingdom have been participating in this program and raising funds through the Goodyear National Wet Safety Week.

Motorsport-Themed Fashion Course

Funded by Goodyear and Dunlop®, students at the London School of Fashion participated in this course, which premiered during the 2006 Autosport International Exhibition.

Latin America

Plante Esta Idea (Cultivate This Idea To Make It Grow)

More than 55,000 people have participated in this program, which encompasses volunteer work by associates and focuses on environmental protection, since 2003. For example, Goodyear Brazil worked with local governments to establish 170 used tire collection centers.

Primary School Initiatives

Goodyear Venezuela has achieved particularly good results in vaccination and drug prevention campaigns for schools.

Goodyear Venezuela also plans to develop volunteer work for all Goodyear associates, including projects that benefit the environment, teach drug prevention and create opportunities for a better quality of life in health and education.

Eastern Europe, Middle East & Africa

World AIDS Day

Goodyear South Africa began its program of HIV/AIDS education and awareness in 1989. Recently the company conducted a four-week series of talks and programs designed to increase knowledge, build awareness, and promote voluntary counseling and HIV testing. Goodyear is one of the first companies in South Africa to recognize a corporate responsibility to provide help and intervention in regards to this pandemic.

Ilinge Women Crafters

This group provides a main source of income for numerous residents of the Zwide township in Port Elizabeth, South Africa. Members focus on traditional African and modern beadwork and sewing. Following a burglary of the organization, Goodyear

donated sewing machines and other accessories to help the development of the small business. After the township’s local government selected the organization to participate in a national festival of arts and culture, the new sewing machines, combined with the organization’s beadwork, provided valuable exposure and income.

North America

Education Programs

Goodyear contributes time and financial support to education programs. It supports area universities focusing on business management, knowledge management, information architecture, engineering and finance.

Since 1965, Goodyear has partnered with the National Merit Scholarship Corporation, providing $3 million in scholarship funding to children of Goodyear associates throughout

the U.S.

Strategic business units and plants also fund scholarship programs through a multitude of local communities and organizations.

Since 2000, associates at Goodyear headquarters in Akron have adopted an area elementary school. Associates volunteer one lunch hour a week to tutor third graders in reading. As a result, reading scores have improved by almost 100 percent during the life of the program.

Engineering Career Day for Young Women

This program is designed for middle school and high school students and their parents. Goodyear helps teach them about career choices available with an engineering degree.

JPMorgan Chase Corporate Challenge

This program, the world’s largest corporate road race series, was named "Charitable Event of the Year" in 2006 by U.S. Track & Field. Goodyear associates in Buffalo, New York participate as part of a company team.

Highway Hero Program

Founded by Goodyear in 1983, the Highway Hero program recognizes professional truck drivers and highway safety. Itacknowledges the often unnoticed, life-saving rescues and roadside assistance they provide as their jobs take them across North America. Trucking industry journalists select nominees and one driver annually receives the title of Goodyear Highway Hero.

Similar programs have also been started in Latin America and Asia-Pacific.

Worldwide

Goodyear Strategic Charitable Giving

Goodyear supports traditional programs that improve cities, social programs and educational opportunities in communities where Goodyear associates live, work and play,

and which offer unique solutions to help keep citizens safe and secure. In 2007, Goodyear strategic charitable giving will reflect our internal corporate value of

safety. Primary funding will be awarded to organizations whose initiatives focus on safety and relate to one or more of the following areas:

o Civic, community and other - Grant awards will depend on local needs and customs in thecommunities in which we operate.

o Culture and the arts - Requests from organizations and institutions serving plant communities and selected national arts organizations will be considered, provided they comply with the connection to safety.

o Education - Requests for support from colleges, universities and other educational institutions serving the areas in which our plants and principal offices are located must demonstrate a connection with safety or must be a source of subsidized educational opportunities for Goodyear associates and their families. A limited number of private and public universities of national or regional significance, whose programs are of special interest or those that provide a continuing source of associates to Goodyear, may also receive priority.

o Health and human services - Highest priority is given to United Way campaigns in communities where our plants and principal offices are located. Organizations receiving United Way support may not be eligible for additional funding.

A majority of approved grants will provide funding to programs that remind citizens that Goodyear tires are the best choice for their diverse transportation needs.

MAJOR ACHJIEVEMENTS

Spreading its wings outside the geographical boundaries of the country Goodyear India exports tyres to other countries such as Pakistan, Nepal, Bangladesh, Sri Lanka, Bhutan, Australia, Dubai, Hong Kong, and Philippines.• Haryana State Safety Award 2003• TS 16949 in the year 2004 by NSF- ISR, USA• ISO 14001 in the year 2004 by NSF- ISR, USA• CAPEXIL Special Export Award 2004-2005• Certificate of Merit in National Energy Conservation Award 2004-2005 ( Tyre sector)• SAKAAL SIX SIGMA EXCELLENCE AWARD -2006Goodyear is committed to continuously improve energy conservation in all its activities for substantial growth for future generation and is an example to others in the industrial sector.Its efforts create an environment that would spur industries in achieving excellence in efficient use of energy conservation and motivating other energy consumers in joining and

promotion of a nationwide energy conservation movement doing commendable work on attaining better standards of energy efficiency and its conservation in their respective fields.

LINKS:

http://www.energymanagertraining.com/eca2006/Award2006_CD/31Tyre/GoodyearIndiaLimitedBallabgarhPlant.pdf

http://en.wikipedia.org/wiki/Goodyear_Tire_and_Rubber_Company

http://www.wikinvest.com/stock/Goodyear_Tire_&_Rubber_Company_(GT)

http://www.goodyear.co.in/

http://info.shine.com/company/Goodyear-India-Limited/799.aspx