Continental to Build Commercial Tire Plant, Allocate $1.4 Billion, in Mississippi

Continental has selected a site in Mississippi for a new plant to drive the future growth of its tire business in the North American market.

Here’s the deal: Continental Tire the Americas, LLC (CTA) has reached an agreement with the state of Mississippi to purchase a site for the construction of a commercial vehicle tire plant. Continental has committed for a long term investment totaling approximately $1.4 billion and employing 2,500 people when the plant reaches full capacity in the next decade.

The new manufacturing facility will be located at a greenfield site nearby the city of Clinton in Mississippi.

“The project is part of our global growth strategy. In a first step the new plant is especially addressing our commitment to grow our commercial vehicle tire business in North America,” said Nikolai Setzer, Continental’s Executive Board Member for the Tire business.

The announcement of a new tire plant in the U.S. is the second in just five years for Continental. The production of commercial vehicle tires is planned to start by end of 2019.

Category: Featured, Wheels & Tires