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Firestone Tires Power Growth Funds Firestone Stock Ads
The National City Company is issuing 10 million dollars of 3% preferred stock to fund expanded Firestone tire and tube production at Akron plants. Plant No 2 will reach 16 000 tires daily and the parent plant 20 000 more cords, lifting total capacity to 36 000 tires daily as demand exceeds supply. The offering is to be fully placed by The National City Company, underscoring Firestone's financial strength and extensive dealer network. Firestone notes include overseas rubber sourcing in Singapore, fabric mill investment, a 31/2 inch tire innovation, and branch offices in 63 major U.S. cities aiming to deliver miles per dollar quality.
MENTIONED IN THIS ARTICLE
National City Company
Firestone
Firestone Institution
Firestones
United States