Don Plusquellic reflects on Goodyear's decision to open their next plant outside the United States.

Photo Credit: Ken Robinson

AKRON, Ohio (AP) — Akron and Summit County officials say Goodyear Tire & Rubber Co. won't build its new $500 million plant in Ohio.

Officials received a letter Tuesday from the Akron-based tire company, explaining that Ohio will no longer be considered for the new factory, which will serve Goodyear's North American and Latin American businesses.

Despite efforts by Akron officials and local union leaders to persuade Goodyear to build its plant where the company was founded, Goodyear said in the letter that a review of logistics, labor costs and access to a deep-sea port led to the decision.

City of Akron Mayor Don Plusquellic was dissapointed in the decision build the new facility outside of Ohio. "[The] potiential for people here building tires here again was so great," Plusquellic tells WTAM 1100 "but also appreciate their honesty."

Goodyear's growth in emerging Latin and South American markets is understood by Plusquellic. He cites an urbanization driving increased demand for vehicles and roads leading to consumption of tires; much like what was experienced in the United States during Goodyear's intial boom.

Plusquellic views Goodyear's move as a missed opportunity but in no way a loss, saying, "If they're succesful obviously the growth in research and development, the growth at corporate headquarters will be even better because they'll sell more tires."

The company announced plans in May for the state-of-the-art factory, which will make about six million tires annually.

Goodyear says it expects to make a final decision on the factory's location in early 2015.

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(Copyright 2014 Clear Channel and The Associated Press, all rights reserved.) 

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