Goodyear Reaches Supply Agreements for Rice Husk Ash Silica

AKRON, Ohio, June 9, 2015 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash. Goodyear will begin using the silica this year in a consumer tire that will be manufactured in its factory in Pulandian, China, and sold in China.

Goodyear has tested silica derived from rice husk ash over the past two years at its Innovation Center in Akron and found its impact on tire performance to be equal to traditional sources.

"Sustainability is a cornerstone of Goodyear's innovation efforts," said Chairman and Chief Executive Officer Richard J. Kramer. "This new silica benefits the environment in many ways: It reduces waste going into landfills; it requires less energy to produce; and it helps make tires more fuel efficient."

Each year, more than 700 million tons of rice are harvested worldwide, according to the Food and Agricultural Organization of the United Nations, and disposing of the rice husks is an environmental challenge. As a result, husks often are burned to generate electricity and reduce the amount of waste shipped to landfills. While this ash has been converted to silica for several years, only these most recent processes created a silica of a high enough grade to use in tires.

Silica is used as a reinforcing agent in tire tread compounds. Compared to carbon black, a traditional reinforcing agent for tires, silica reduces rolling resistance. Lower rolling resistance, in turn, improves a car's fuel economy. It also can have a positive impact on a tire's traction on wet surfaces.

In addition to the agreement with Yihai, Goodyear is negotiating agreements with additional suppliers. Financial details of the agreements are not being released.

To learn more about Goodyear's commitment to the environment, visit its corporate responsibility website at http://www.goodyear.com/responsibility.

Goodyear is one of the world's largest tire companies. It employs approximately 67,000 people and manufactures its products in 50 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

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SOURCE The Goodyear Tire & Rubber Company

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