Continental Tire Locating Tire Manufacturing Plant in Hinds County, Miss.
Continental Tire the Americas, LLC, manufacturer of passenger, light truck and commercial vehicle tires, is locating a commercial vehicle tire manufacturing plant near Clinton, Mississippi, in Hinds County. The project represents a corporate investment of $1.45 billion and will create 2,500 new jobs.
For the project, Continental will construct a multi-million-square-foot facility on Norrell Road off I-20 West in Hinds County. Construction of the facility is slated to begin in January 2018.
On February 4, the Mississippi Legislature voted on an incentive package in support of the project. Lawmakers approved $263 million through the Mississippi Major Economic Impact Authority for site acquisition and site preparation, infrastructure improvements and workforce training. Of that amount, Hinds County contributed $20 million.
“Continental’s decision to bring 2,500 new jobs to Central Mississippi speaks volumes about our dedication to developing the workforce of the future, as well as a business environment that spurs growth, expansion and innovation,” Gov. Phil Bryant said. “The positive impact this manufacturing plant will have on the region, the state and our automotive industry will be felt for many years to come.”
“The project in Hinds County, Mississippi, is part of our global growth strategy,” said Nikolai Setzer, Continental’s executive board member for the tire business. “In a first step, the new plant is especially addressing our commitment to grow our commercial vehicle tire business in North America.”
“Mississippi’s automotive industry continues to grow at a fast pace,” said MDA Executive Director Glenn McCullough, Jr. “Continental’s decision to locate in Hinds County significantly strengthens Mississippi’s leadership position in the Southern Automotive Corridor.”
Based in Fort Mill, South Carolina, Continental Tire the Americas, LLC is a unit of the Continental Corporation of Germany and offers a complete premium line of ultra-high performance, passenger, light truck and commercial vehicle tires. CTA operates throughout North and South America. In 2015, Continental, based in Hannover, Germany, generated preliminary sales of approximately $43.2 billion among its five divisions. Continental employs more than 208,000 people in 53 countries.
The Tire Division currently has 24 production and development locations worldwide, has more than 47,000 employees, and achieved sales of $10.8 billion in 2014.