HALIFAX, Nova Scotia (Aug. 5)—Michelin North America Inc. will spend about $31 million in the coming months to upgrade its tire plants in Bridgewater and Waterville, Nova Scotia, according to the Nova Scotia Economic Development Ministry, which is providing $3 million in assistance.
Michelin will spend $19 million at its 21-year-old Bridgewater facility to enhance flexibility and expand capacity for larger dimension light truck tires, the ministry said. The factory, which makes passenger and light truck tires, employs 1,100.
The company has budgeted $12 million to enhance capacity for large industrial and construction tires at the 22-year-old Waterville plant, the ministry said.
Noting that Michelin employs more than 3,400 in Nova Scotia, Economic Development Minister Ernest Fage said the province's contribution "will help secure those jobs, as well as expanding the existing work force." Fage told the Canadian Broadcasting Corp. the assistance is tied to Michelin's creating 56 new jobs at the facilities.