From Rubber & Plastics News
Halifax, Nova Scotia-Michelin North America Inc. will spend about $31 million in the coming months to upgrade its tyre plants in Bridgewater and Waterville, Nova Scotia, according to the Nova Scotia Economic Development Ministry, which is providing $3 million in assistance.
Michelin will spend $19 million at its 21-year-old Bridgewater facility to enhance flexibility and expand capacity for larger dimension light truck tyres, the ministry said. The factory, which makes passenger and light truck tyres, employs 1100.
The company has budgeted $12 million to enhance capacity for large industrial and construction tyres at the 22-year-old Waterville plant, the ministry said.
Noting that Michelin employs more than 3400 in Nova Scotia, Economic Development Minister Ernest Fage said the province's contribution â€œwill help secure those jobs, as well as expanding the existing work force.â€ Fage told the Canadian Broadcasting Corp. the assistance is tied to Michelin's creating 56 new jobs at the facilities.