Jackson, Mississippi – Continental has broken ground at the site of its new tire plant near Clinton, Mississippi, the German tire-maker announced 3 Nov.
Continental expects the $1.4-billion (€1.2-billion) investment to create 2,500 jobs when the plant reaches full capacity in the next decade.
The company expects to begin physical construction of the plant in 2018 at the greenfield site, which is nearly 1,000 acres. Conti plans to start production of commercial vehicle tires by end of 2019.
"Building this new facility in Mississippi is a critical part to our growth strategy for Continental Tire, known as Vision 2025," said Nikolai Setzer, member of Continental's executive board and head of its global tire business worldwide.
This, he added, is Conti’s first new plant, globally, for the truck tire business in more than ten years.
"This plant is a significant step in addressing our commitment to grow our commercial vehicle tire business in North America," said Paul Williams, executive vice president, commercial vehicle tire, the Americas.
Continental claims that its “business growth” in commercial vehicle tires has “consistently exceeded” the market over the last five years.
In addition to the planned facility in Mississippi, Conti said it has invested nearly $2.5 billion in the past decade to grow its tire business in the Americas.
Part of this investment has been the expansion of the company's tire plant in Mount Vernon, Illinois and a newly expanded facility in Sumter, South Carolina.