Michelin to build $750M plant in South Carolina

AP News

4/10/2012 10:42:31 AM - AP News

Michelin says it will bring 500 jobs to South Carolina with a new plant making tires for heavy machinery and an expansion at an existing plant.

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.

The new plant will be Michelin's ninth in South Carolina. More than a third of Michelin's 22,000 North American employees work in the state.

Michelin North America Chairman Pete Selleck praised the state's pro-business climate and the productivity of South Carolina employees.

Michelin is the third big tire company to expand operations in South Carolina in the past year.