The Goodyear Tire & Rubber Co announced yesterday that it would make an initial investment of approximately $500 million to build a new plant in Dalian, Liaoning province, which will be finished in 2012.

"Our strategy is to have 50 percent of our global capacity in low cost regions by 2012. China's sound investment environment provides a strong platform for our business goals," said Robert J. Keegan, Goodyear's chairman of the board, CEO and president.

(Agencies-China Daily)