Michelin to expand Canada truck tyre production
A CDN$73 million (£46.3 million) investment for Michelin’s Waterville truck tyre factory in Canada will increase capacity over the coming four to five years. Michelin North America says the Waterville plant will make capital investments in equipment improvements and increased production capacity; the project will include the installation of new technologies in all aspects of the manufacturing process, supporting the success and continued growth of wide commercial vehicle tyres such as the X One. The project will include a 3,000 square metre assembly building expansion and Michelin anticipates the investment will create approximately 50 new local jobs.
“Today’s announcement shows once again that Michelin believes in both the province of Nova Scotia and our highly skilled employees,” said Dana LeBlanc, president, Michelin North America (Canada) Inc. “The demand is growing in North America for our wide based tyre products like the Michelin X One, and this manufacturing investment at Waterville will help us meet that demand.”