PRAGUE, Czech Republic (Sept. 14, 2010)—Czech tire and rubber products maker CGS A.S. Holding has picked a site in eastern Czech Republic for a $52 million agricultural tire plant it expects to have on stream by 2014, according to Czechinvest, the country's Investment and Industrial Development Agency.
The disclosure is CGS's second new plant announcement in the past several weeks. The tire maker signed documents Sept. 2 covering a $66.5 million investment in Charles City, Iowa, to convert an existing industrial site that was formerly a Winnebago Inc. plant to farm tire production.
The new plant, which should create 550 jobs, will be located on a 14-acre site in an industrial zone near Holesov, a community located near the firm's existing factories in Zlin and Otrokovice, Czechinvest said. Construction on the 226,000-sq-ft. plant is expected to start next year, the company said, with full production reached by 2014.
The plant also eventually will include warehouses and administrative offices, Czechinvest said.
CGS makes and distributes Mitas-, Cultor- and Continental-brand farm tires and Mitas-brand industrial, OTR and motorcycle tires.