CGS Receives State Funding for US Plant
On August 19 it was announced that the Iowa Economic Development Board, an Iowa state government agency, has awarded CGS Tires US $924,000 from its Grow Iowa Values Fund. This amount, the board reports, will be used to support 154 of the 192 jobs to be created when the Czech Republic’s first factory in North America is built. The total project cost is $43.8 million and involves reconfiguring the former Winnebago Industries manufacturing facility in Charles City for the production of radial agricultural tyres, amongst other products.
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