Michelin’s $750m US earthmover tyre plants

Michelin North America (MNA) has revealed plans for a new earthmover tyre plant in the United States as part of a $750million expansion set to create up to 500 manufacturing jobs. News of the proposed new site in Anderson County, South Carolina, comes after MNA revealed they would also be expanding their existing earthmover tyre plant in Lexington, also in South Carolina.
April 13, 2012 Read time: 2 mins
4842 Michelin North America (MNA) has revealed plans for a new earthmover tyre plant in the United States as part of a $750million expansion set to create up to 500 manufacturing jobs.

News of the proposed new site in Anderson County, South Carolina, comes after MNA revealed they would also be expanding their existing earthmover tyre plant in Lexington, also in South Carolina.

The two projects are in addition to MNA’s promise last year to create around 270 jobs by investing $200million in its existing Lexington passenger and light truck tyre manufacturing facility. The expanded passenger and light truck tyre pant is set to begin production in October 2012.

“Michelin intends to maintain and strengthen its leadership in all its specialty businesses, especially Earthmover radial tyres,” says Jean-Dominique Senard, managing general partner of Michelin.

“The market for Earthmover tyres grew by more than 20 percent between 2009 and 2011. This new facility will help us meet sustained demand while also attaining our growth objectives for 2015.”

The new Anderson County plant will be Michelin’s 19th manufacturing facility in North America and its ninth in South Carolina.

For more information on companies in this article

Related Content

  • Caterpillar further develops operations in Africa and Middle East
    December 21, 2012
    Caterpillar has revealed details of its “significant” investment in new and upgraded parts distribution centres in Africa and the Middle East (AME). The investment, highlighted during Cat’s recent Construction Days event in Antalya, Turkey, is in addition to the US$460 million invested by the company’s AME dealers in 2011 to improve local operations, reports Guy Woodford. “We are going to open in March [2013] a complete new parts distribution centre in Dubai, which is significant,” said Christian Dillier, A
    Read More
  • Revenue holds steady for Wacker Neuson in 2016
    March 16, 2017
    Wacker Neuson said that it managed to keep 2016 revenue stable despite challenging market conditions but profitability was impacted by crises in key markets. The company is positive about 2017 and expects revenue and earnings to grow again. Revenue for 2016 was €1.36 billion, up only 0.3% on 2015. Profit was negatively affected by crises in emerging markets and industries as well as a number of one-off effects, the company said. Profit before interest and tax (EBIT) contracted 15% to just over €88
    Read More
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
    Read More
  • US Government set to invest US$74.5 billion in transport
    March 15, 2012
    The US Government is set to invest US$74.5billion in transport improvements in the 2013 financial year (October 1, 2012-September 30, 2013), President Barack Obama has revealed.
    Read More

Highlighted Content