FORT MILL, S.C. (May 18, 2011)—As Continental Tire the Americas searches for a location to build a tire plant in North America, the Fort Mill-based company may be visiting sites close to home.
CTA CEO Matthias Schoenberg said the company is looking at locations in the southern U.S. and a site will be announced later in the year.
“Analyzing today's distribution of our tires, the best location would be southern U.S., if you only want to optimize logistic costs. Transport costs play an important role in that. That plant would produce mostly for the U.S. market and comprise light truck tires and our new lines of high-performance and ultra-high-performance tires,” Schoenberg said.
Parent company Continental A.G. recently approved funding for a greenfield tire plant in North America because of a need for passenger and light truck tire capacity in the NAFTA region, without disclosing specifics. Conti has formed a site selection committee and should decide on a site by the end of the third quarter.