Continental Tire announced plans to build a new tire manufacturing plant in Sumter County, S.C., to meet growing demand from both the retail level and automotive manufacturers. The $500 million investment is expected to generate 1,700 new jobs in South Carolina over the next 10 years.
“This important announcement is part of Continental’s growth strategy worldwide and, especially in this case, for the Americas’ market,” said Nikolai Setzer, a member of Continental’s Executive Board and head of Continental’s global tire business. “Increasing demand for Continental and General brand passenger and light truck tires in the U.S., as well as the improved business results for CTA, has made this significant investment possible. On behalf of the 160,000 employees of Continental, I would like to offer our sincere thanks to Governor [Nikki] Haley, the state of South Carolina, the SC Ports Authority and Sumter County.”
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