Sumitomo Rubber USA will be investing $122 million in its manufacturing plant in Tonawanda, New York. The company plans to create 30 jobs.

The capital investment by SRUSA will include a major replacement of and upgrades to production and other equipment. The plant currently makes approximately 9,000 tires per day for cars, motorcycles, trucks and buses, and the investment will allow production to nearly double to 17,500 tires per day.

"Sumitomo Rubber's investment in its Tonawanda plant is a testament to New York's economic development initiatives and the manufacturer's long-term commitment to Western New York," said Lieutenant Governor Kathy Hochul. "The investment will include major upgrades and modernization of production equipment at the nearly century-old facility, while protecting the long-term future of those currently employed and creating 30 new good paying jobs."

Empire State Development is assisting SRUSA with the purchase of new mixing, tire building, curing presses and additional state-of-the-art equipment by providing up to $3.3 million through the Excelsior Jobs Tax Credit Program in exchange for job creation commitments. SRUSA is one of the biggest manufacturing employers in Western New York, with an average annual salary starting at $50,000 per year. It expects to complete the installation of the new equipment by December 2023.

Sumitomo’s Tonawand facility will be 100 years old in 2022, and the modernization will solidify the tire manufacturer's long-term economic future in Western New York.

Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler added, "Sumitomo Rubber's $122 million investment will almost double the Tonawanda tire plant's output and keep this nearly century-old site competitive. Modernizing older facilities is one of the many ways Western New York manufacturers are growing, increasing productivity and investing in the jobs of the future."

Sumitomo Rubber USA manufactures and sells a wide range of automotive tires in the US and internationally. Located in Tonawanda the company produces over four million tires annually for a variety of applications such as passenger cars, trucks, buses and motorcycles.