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 jobs created by the project.

“When a company is coming here, or expanding here, I want it to be profitable enough to reinvest and keep hiring Nova Scotians,” commented Premier Darrell Dexter. “Companies like Michelin can choose to go anywhere. I'm happy that they have chosen to keep growing [here].

The capital project will include installing new technologies in all aspects of the manufacturing process, which will support the continued growth of wide-based tire products such as the Michelin X-One for commercial trucking. It will also include a 3000 m² building expansion.

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news release from Nova Scotia government