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Show GOODYEAR OUTGROWS ITS PRESENT FACTORY Will Practically Double Output Facilities Within Next Ten Months. Discussing the announcement made Thursday that the Goodyear Tire and Rubber company will issue $10,000,000 of new preferred stock, the sale of which has already been underwritten, W. P. Senour, local manager of the Goodyear company, says: It is all the natural result of Goodyear growth, and the growth of the automobile industry. For the past year or more we have been straining our capacity, working day and night, to keep up with the demand for Goodyear products, we have been making factory enlarge- ! meuts for some time past, but even then have not kept pace with business busi-ness growth. In fact, we expect to practically double our production facilities fa-cilities within the next ten mouths. For a long time, in the automobile automo-bile tire department, we have been turning out practically capacity 17,000 tires a day. Within a year our capacity will be 25,000 tires a day. Greater business requires greater great-er sums for its transaction, hence tho plan that has just been announced an-nounced The new facilities will make way for a much greater cord tire production pro-duction than neretofore. Goodyear cord tires have more than made their place in tiredora. Our greatest great-est difficulty has been to make enough of them. Now we will soon have factory room to enable us to keep up with the demand. In the other lines Goodyear products are more and more in de- mand, as well. In mechanical I goods, for instance, we require prac- tiffllly a whole new factory to per- mit normal growth that is already assured. The fact that Goodyears equip one out of every three new cars made in 191 6 describes our position posi-tion with car makers, and in addition addi-tion to new car business we sell great numbers of tires for renewal business. Goodyear faces the future fu-ture with everv prospect that future fu-ture records will eclipse those of- the past and present. |