Goodyear's CEO says to raise China procurement

Newswire

SHANGHAI, April 1 (Reuters) - Goodyear Tire & Rubber Co. , the largest U.S. tyre maker, will raise its procurement in low-cost China to 10 percent of global sourcing by 2010 from the current 1 percent, its chief executive said on Friday. "We purchase about $8 billion of both raw materials and other products and services...10 percent would be $800 million, so it's a considerable increase for us," CEO Robert Keegan told Reuters in an interview. Goodyear has two manufacturing plants in ...

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