• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Rising demand prompts Michelin US factory expansion

Rising demand prompts Michelin US factory expansion

Date: 10th May 2011 Author: Tyrepress Editors Comments: 0

A further US$200 million is being invested in Michelin North America’s factory in Lexington, South Carolina in order to accommodate growing regional demand for passenger tyres. Work on expanding capacity at the Lexington site will begin immediately and equipment for this latest project, which adds to the more than $1 billion invested in the site since its establishment in 1981, will be installed by the first half of 2013. Michelin North America reports that 270 new jobs will be created at the Lexington factory and phased in over the coming two years.

Announcing the planned capacity expansion, Michelin North America chairman and president Dick Wilkerson commented: “Trusted for its quality and value, the Michelin brand was quite resilient during the recent economic crisis. As the economy turned, demand for our tyres increased dramatically. We must have additional capacity for high performance passenger car tyres to meet our customers’ needs. We’re thrilled that the expansion will be in our home state of South Carolina. The Lexington County Council and the state of South Carolina have been effective partners with us, working to make this expansion and the new jobs that support it a reality.”

At present 1,360 people are employed at the 1.2 million square foot (111,500 square metre) Lexington passenger car and light truck tyre facility. An adjacent earthmover tyre production site employs a further 475 people within an 825,000 square foot facility. As would be expected, local officials welcome the announcement of increased investment in the plant. “Michelin has been an important part of the Midlands business community for decades and we celebrate the company’s decision to increase its presence in South Carolina,” said state Governor Nikki Haley. “This announcement not only shows the company’s commitment to our state, but that we are doing right things to help South Carolina’s existing businesses grow. We look forward to Michelin’s continued growth in South Carolina.”

“Michelin is a world-class company and we are excited the company will expand operations in Lexington County,” added Bobby Hitt, South Carolina’s Secretary of Commerce. “Manufacturing continues to play a key role in South Carolina’s economy, and today’s announcement is another indication that our state’s business-friendly climate is working to attract investment from manufacturing companies and create jobs.” Lexington County Council chairman stated that “today we are pleased to be able to celebrate this milestone achievement by Michelin North America.  We are extremely delighted to have them in Lexington County and wish them continued success. We applaud them for their 30 year commitment to this community and for their level of investment.”

Related news:

  1. Michelin to expand Canada truck tyre production
  2. County Council to Consider Tax Break for Michelin Expansion
  3. BFGoodrich plant capacity expansion announced
  4. Michelin to boost North American compound capacity – $200M project announced
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

capacity, car tyres, expansion, Jobs, Manufacturing, Michelin, North America

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Vettel takes third F1 win in lively Turkish GP Pirelli announces upcoming F1 tyre choices
Scroll to top