Continental Tire of the Americas plans to expand the Mount Vernon plant investing $129 million and adding 100 new full-time jobs in the following three years.
The company said that the move is necessary due to increased demand for Continental and General tires. Vice President of Manufacturing Benny Harmse said that $95 million will be used for the expansion the commercial vehicle tire production and the rest of $34 million will be invested to upgrade the equipment and expand the warehouse.
Since 2006 Continental has invested more than $600 million to expand and upgrade the Mount Vernon facility. The plant currently employs 3,200 workers and manufactures more than 14 million tires annually. The CVT expansion, which is expected to be completed by mid-2015, will increase production with over 3 million truck tires and add around 100 jobs.
“With the investment in the Mount Vernon CVT production area, we are adding volume to support the current market, enhancing our capabilities for advanced technologies and increasing our ability to anticipate the market demands of the future,” Continental’s Paul Williams said. “This investment is further commitment to Continental’s strategy for growth in the Americas.”
by Ana Cezara Savin
) - Tuesday, January 29th, 2013 - filed under News
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