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Goodyear Receives Luxembourg American Business Award

22 October 1999

Goodyear Receives Luxembourg American Business Award

    NEW YORK, Oct. 22 -- The Goodyear Tire & Rubber Company
, in ceremonies here last night, has been presented the inaugural
Luxembourg American Business Award.
    Samir G. Gibara, Goodyear's chairman, president and chief executive
officer, accepted the award from His Royal Highness Crown Prince Henri of
Luxembourg.
    The award, presented by the Luxembourg American Chamber of Commerce honors
companies for their contributions in promoting trade and business
relationships between the Grand Duchy and the United States.
    "Goodyear was selected by unanimous agreement," said Fernand Lamesch,
president of the Luxembourg American Chamber of Commerce.
    "Recognition from such a distinguished organization is particularly
gratifying because this year marks Goodyear's 50th anniversary in the Grand
Duchy," said Gibara in accepting the award.
    "To lead Goodyear at such a challenging, exciting period in the history of
our industry is a privilege," he said.  "To see our company's efforts
applauded by such a prestigious group is a great honor."
    Goodyear's Luxembourg complex represents the company's single largest
investment outside of the United States.  Luxembourg is not only the hub of
Goodyear's activities in Europe, it is also the technical and manufacturing
headquarters for three of the company's five geographic regions.  Goodyear
employs 3,700 associates in Luxembourg, where it manufactures tires, molds,
fabric and steel wire, as well as operates a technical center and tire proving
grounds.
    Goodyear is the world's largest tire and rubber company.  Headquartered in
Akron, Ohio, the company manufactures tires, engineered rubber products and
chemicals in more than 90 facilities in 30 countries.  It has marketing
operations in almost every country around the world.  Goodyear, with the
addition of its Dunlop tire joint ventures, employs more than 105,000 people
worldwide.