1144 East Market Street
Goodyear Tire and Rubber Company is the world's largest tire company and No. 1 tiremaker in North America and Latin America, No. 2 in Europe. Goodyear manufacturers and markets tires, several lines of belts, hose and other engineered rubber products for the transportation industry and various industrial and consumer markets, as well as rubber-related chemicals for various applications.
Goodyear has 57 manufacturing plants in 23 countries. It is also the world's largest operator of commercial truck service and tire retreading centers. In addition, Goodyear operates more than 2,000 tire and auto service center outlets.
Goodyear is probably best known to Americans for its blimp, which soars above major sporting events. In the United States, there are three Goodyear blimps: the Spirit of Goodyear, based in Akron, OH; the Spirit of America, based in Carson, CA; and the Stars & Stripes, in Pompano Beach, FL. There is also one Goodyear blimp in Brazil.
In 2009, Goodyear reported revenues of $16.3 billion, down from $19.5 billion the previous year, and net loss of $375 million. Sales of tires were down 9.5% in the U.S. and Europe.
The company reduced its workforce by 5,700 in 2009, exceeding its goal of 5,000.
The company will launch 62 new tires in 2009.
The Goodyear Tire & Rubber Company was founded in 1898 by 38-year-old Frank Seiberling. The company was named after Charles Goodyear, who developed the vulcanization process of rubber. Goodyear was not involved with the company.
Seiberling purchased the first plant which made bicycle and carriage tires with a $3,500 down payment using money he borrowed from a brother-in-law.
On Aug. 29, 1898, Goodyear was incorporated with a capital stock of $100,000.
The company's winged-foot trademark was inspired by a newel-post statuette of the Roman god Mercury in the home of Goodyear founder Frank Seiberling.
The blimp tradition began in 1925 when Goodyear built its first helium-filled public relations airship, the Pilgrim. The tire company painted its name on the side and began barnstorming the United States.
Over the years, Goodyear built more than 300 airships, more than any other company in the world. Akron, OH, the company's world headquarters, was the center of blimp manufacturing for several decades.
During World War II many of the Goodyear-built airships provided the U.S. Navy with a unique aerial surveillance capability. Often used as convoy escorts, the blimps were able to look down on the ocean surface and spot a rising submarine and radio its position to the convoy's surface ships. . . in essence acting as an early warning system. Modern surveillance technology eventually eclipsed the advantages of the airship fleet, and in 1962 the Navy discontinued the program.
Today, The Goodyear Tire & Rubber Company no longer mass-produces airships but is known for its blimps that soar above major events.
Some of the benefits offered include:
- Medical Coverage
Updated March 22, 2010