Continental Tire the Americas, LLC said It will build a new tire plant in Sumter, S.C. to meet growing demand from both the retail level and automotive manufacturers.
The announcement comes after weeks of rumors about the plant spread through the Palmetto State.
“This is really a game changer for Sumter, ” said Mayor Joseph McElveen.
“Sumter had a very high rate of industrial employment probably 28% in the last few years…we did lose some plants but this is just continuing the comeback,” he added.
The tire producer will invest $500 million and will create 1,600 jobs at the Sumter plant. The jobs will be filled by 2020, the company said.
The facility is expected to produce 5 million tires annually when it reaches full production in 2017 and expand to 8 million by 2021.
State, local and federal programs will provide financial assistance that is instrumental in bringing this project to the United States and to Sumter. The company expects to begin construction of the plant in mid-2012 and complete the facility in 2013.
• The plant project is expected to create more than 1,600 jobs.
• The site is approximately 330 acres and the building is planned to be more than 1,000,000 square feet.
• The facility will plan to produce eight million passenger and light truck tires annually by the completion of its initial phases.
• The facility will produce tires for the replacement tire market and automakers.
• Total hiring will be 1,700 in the state of South Carolina, including the headquarter expansion.
• Final hiring should be completed by 2020.