Michelin, one of the two largest tire manufacturers in the world announced plans Tuesday to break ground on a new plant in Anderson County – South Carolina.
The France-based company announced Tuesday that demand for its Earthmover tires has increased so fast that it will invest $750 million to expand its ability to make the massive tires. The tires are used for heavy equipment in industries like mining and construction.
“Nearly every Earthmover tire is sold before it is produced,” Michelin North America Chairman Pete Selleck said
The new plant will be Michelin’s 19th manufacturing facility in North America and its ninth in South Carolina. More than 8,000 of Michelin North America’s 22,300 employees are based in South Carolina.
The announcement also solidified South Carolina as the top exporter of tires in the nation. The state last year held nearly a 30 percent share of U.S.-made exported tires, according to data from an annual report from the U.S. Department of Commerce.
“Michelin has been part of the economic and social fabric of South Carolina since the first tire rolled off the line in 1975 and has been one of our finest corporate citizens,” said South Carolina Governor Nikki Haley.