Continental Tire the Americas started construction on the company’s future commercial vehicle tire manufacturing plant near Clinton, Mississippi. The project represents a $1.45 billion corporate investment and will create 2,500 jobs.
“Building this new facility in Mississippi is a critical part to our growth strategy for Continental Tire, known as Vision 2025,” said Nikolai Setzer, a member of Continental’s Executive Board and head of Continental’s global tire business worldwide. “This is the first new plant, globally, for the truck tire business in more than ten years. And, at $1.4 billion, this is the largest investment ever for our CVT business. We are convinced that the state of Mississippi provides the best options for Continental to grow our tire business.”
Continental’s multi-million-square-foot plant will be located on Norrell Road off I-20 West in Hinds County. Construction is scheduled to begin in January 2018.
As an incentive, the Mississippi Legislature approved $263 million through the Mississippi Major Economic Impact Authority for site acquisition and site preparation, infrastructure improvements and workforce training. Hinds County contributed $20 million.
“The Mississippi Development Authority is proud to assist Continental Tire as they create 2,500 career opportunities for Mississippians in the Greater Jackson area,” said MDA Executive Director Glenn McCullough Jr.
“Continental Tire’s groundbreaking ceremony symbolically sets the foundation of what we consider to be a valued partnership between Continental Tire, the state of Mississippi and Hinds County. The stage is being set to provide job and business opportunities to a vast array of professionals,” said Hinds County Board of Supervisors President Darrel McQuirter. “When the building rises and the dust settles, there will be premium tires built locally by people with diligent hands distributed worldwide from this facility in Hinds County.”