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Goodyear to invest $200 million in Va. plant



By AP
27 June 2008 @ 03:18 pm EST

DANVILLE, Va. - Goodyear Tire & Rubber Co. plans to invest $200 million at its tire plant to improve technology and boost production.

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The Danville plant is thought to be the world's largest maker of aircraft tires and radial truck tires and employs more than 2,200 workers.

Governor Timothy Kaine's office says the project will be supported by $3 million in performance-based incentive grants. An additional $1.1 million will come from funds that help promote economic growth in tobacco-dependent communities.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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