Conti investing in US truck tyre production
Another expansion of Continental’s Mount Vernon, USA plant will commence in order to meet growing North American demand for commercial vehicle tyres. Continental Tire the Americas will invest US$129 million in the plant, with $95 million of the funds going towards expanding CV tyre production, including wide-base truck tyres. The expansion of the Mount Vernon plant’s commercial vehicle production is expected to be complete in mid-2015 and will increase truck tyre capacity to more than three million units per annum. At least 80 new jobs will be created.