ARDMORE, Okla. (Feb. 28)—Michelin North America Inc. plans to invest $144 million to increase the capacity at its Ardmore tire facility for the manufacture of large tire sizes, the company announced Feb. 28. The decision to greenlight the project is a result of state of Oklahoma economic incentives being offered and demand from automotive and consumer customers, Michelin said. The expansion is contingent upon the firm receiving a state-funded package. The Greenville, S.C.-based company already has worked with the state to help fund a $56 million capital equipment project in Ardmore, one allowing the facility to produce Michelin-brand radial and bias-ply passenger and light truck tires as well as Uniroyal and Goodrich brands. The first expansion at the 34-year-old plant is due to be completed sometime in 2003.
Michelin to expand Oklahoma plant for large-tire production
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