At the same time, Sumitomo Rubber closed its tire factory in Tonawanda, New York. This meant 1,550 workers lost their jobs. The company said it was because of money problems and old equipment.
Many tire companies are now trying to make their products in ways that are better for the environment. They are using new materials and methods to make tires that last longer and can be recycled.
These changes show that the tire industry is always moving forward. Companies are finding new ways to make better products and take care of the planet.
Works Cited
“Indian Tyremaker CEAT to Buy Camso Brand from France’s Michelin for $225 Mln.” Reuters, 6 Dec. 2024, https://www.reuters.com/business/indian-tyremaker-ceat-buy-camso-brand-frances-michelin-225-mln-2024-12-06/.
“Sumitomo Rubber Closing Western New York Tire Plant and Cutting 1,550 Jobs.” AP News, 7 Nov. 2024, https://apnews.com/article/eca656952c5da8c32a1ca2e0c1b93975.
