Michelin invests Euro 55m in Nova Scotia truck tire site

ERJ staff report (LMH)

Waterville, Canada – Tire maker Michelin will expand its Waterville, Nova Scotia, truck tire plant as part of a CAN $73 million (Euro 55 million) project, part funded by local government.

The investment is expected to create 50 new jobs in rural Nova Scotia, and to improve and expand company’s production of tire products, the Nova Scotia government said in a 17 Jan news release.

Michelin will contribute $64.1 million, while the province will invest up to $8.9 million in…

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