Good Year invests EUR 41 million in eco-tire project

Source: Tyrepress

Source: Tyrepress

In the recent news, Tyrepress says Goodyear signed an agreement with the Luxembourg Institute of Science & Technology (LIST). Both parties will focus on investing in sustainable mobility and innovative materials. In particular, Goodyear engineers will work together with LIST to develop environment-friendly tires in terms of both environmental impact of material and innovative production techniques.

Five-year partnership is funded by Goodyear and is also supported by Luxembourg Government R&D State Aid. The amount of funding adds up to EUR 41 million. It is expected that collaboration will create 38 full-time research jobs and a number of PhD/post-doctoral positions. The scientific and research activity will be headquartered both at LIST and the Goodyear Innovation Center Luxembourg (GIC*L).

Through the joint research initiative, Goodyear aims to optimize product quality and reduce cycles of product development. Thereby, the company expects to better anticipate ever-changing needs of end consumers and OEM partners.

Carlos Cipollitti, vice-president product development EMEA and GIC*L general director, says that it was a natural decision to faster develop mobility solutions that are already underway and to deliver smart products and services that anticipate future consumer needs.

Fernand Reinig, chief executive officer of LIST, is very pleased to have an industrial partner like Goodyear who looks ahead and performs research and development collaboration laying the foundations to accept the market challenges within the next decade. Even though Goodyear worked in several projects with LIST before, the new collaboration is a unique opportunity for the company to improve in several fields at once.

It is very good to hear that Goodyear is investing EUR 41 million into an eco-tire project. However, we doubt that even a fraction of this investment will be spent on investigating how Goodyear’s waste tires could be re-used for the production of new tires. Tire manufacturers should take much more responsibility towards solutions for utilizing material of their end of life tires. We will monitor progress of this eco-tire project closely and its relevance to also deal with the waste tire problem.

Artcile source: Tyrepress

Leave a Reply

Your email address will not be published. Required fields are marked *