Michelin North America reinforced its commitment to the province of Nova Scotia today by announcing a $73 million project investment at its Waterville truck tire plant. Michelin anticipates the investment will create approximately 50 new jobs in the Annapolis Valley.
Of that $73 million, the province is contributing $8.9 million.
‚ÄúToday‚Äôs announcement shows once again that Michelin believes in both the province of Nova Scotia and our highly skilled employees,‚ÄĚ said Dana LeBlanc, President, Michelin North America (Canada) Inc. "The demand is growing in North America for our wide based tire products like the MICHELIN¬ģ X One¬ģ, and this manufacturing investment at Waterville will help us meet that demand.‚ÄĚ
Premier Darrell Dexter was on hand for the announcement.
‚ÄúCompanies like Michelin have demonstrated that Nova Scotians, and particularly the workers and industries in rural Nova Scotia, can be among the world‚Äôs best in quality and productivity,‚ÄĚ Dexter said. ‚ÄúThis investment will help Michelin create an anticipated 50 new, high-value jobs in rural Nova Scotia.‚ÄĚ
The Michelin Waterville plant will make capital investments in equipment improvements and increased production capacity over the next four to five years. The project will include the installation of new technologies in all aspects of the manufacturing process, supporting the success and continued growth of wide based tire products like the MICHELIN¬ģ X One¬ģ for commercial trucking in North America. In addition, the project will include a 3,000 sq. metre assembly building expansion. Hiring for positions will be ongoing as the project develops.