French tire manufacturer Michelin has announced that it plans to expand its Lexington plant in South Carolina to increase its tire production capacity. It is reported that this investment will create 270 new jobs locally. For this reason, Michelin will invest 200 million U.S. dollars.
Michelin said that since the Lexington plant was built in 1981, the company’s total investment in the plant has exceeded US$1 billion. All equipment purchased for the new project investment will be installed before the first half of 2013.
The Michelin Lexington plant covers an area of ​​1.2 million square feet (110,000 square meters) and is primarily responsible for the production of tires for passenger cars and light trucks. It employs 1,360 people.
In addition, the company also owns an area of ​​825,000 square feet (about 77,000 square meters) of heavy machinery tire factory in the local, existing staff of 475 people. According to the latest data released by the modern Tire Dealer ("Modern Tire Dealer"), the authoritative magazine for the US tire industry, the plant currently has about 19,000 tires per day.
Michelin President and CEO Dick Wilkerson stated: "As the economy picks up, the market's demand for our brand tires has soared. We must increase the production capacity of high-performance passenger car tires to meet the needs of our customers. â€
In March 2011, Michelin announced that it has invested an additional US$50 million to upgrade and expand the Fort Wayne BF Goodrich Tire Manufacturing Plant in Indiana, USA, in order to increase the plant's production capacity. It is reported that the factory was opened in 1961, covers an area of ​​1.9 million square feet (about 177,000 square meters), and currently employs 1580 people.
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