Continental Tire the Americas Eyes Expansion at Factory Complex in Lancaster County, South Carolina
Continental’s expansion will include a new 88,000-square-foot building, which will be constructed next to the existing headquarters. State economic development officials said the new facility will enable Continental to consolidate its footprint, while at the same time provide the space needed to support the continuous growth of its operations. The expansion is expected to be completed by mid-2022.
The Coordinating Council for Economic Development has approved a $2.6 million Closing Fund grant as an incentive to Lancaster County for costs related to the project.
“Lancaster County has been home to our tire operations for the Americas Region since 2009. We are excited to invest in our campus and bring our team together in a new, fresh space that includes modern features and design to support the future work environment,” said Continental Tire the Americas CEO Dr. Jochen Etzel.
“We celebrate Continental’s decision to invest $20 million into Lancaster County. Existing businesses like Continental continue to invest in South Carolina, and that shows the strength of our business-friendly climate and strong workforce. Announcements like today’s indicate we’re on the right track with our economic development efforts,” Governor Henry McMaster noted.
Founded in 1871, Continental manufactures and distributes a complete line of passenger, light truck and commercial tires for original equipment and replacement markets. The company also offers technology solutions for vehicles, machines, traffic and transportation.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
Changes in the Incentives Landscape
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Communicating Your Project’s Value to Local Stakeholders
Front Line: Finding, Creating, and Supporting Talent