RANCHO CUCAMONGA, Calif.—Kumho Tire USA Inc. plans to resume construction of a tire plant in Macon it put on hold after starting the project in May 2008.
The company's Kumho Tire Georgia Inc. unit and Macon-Bibb County announced the restart of the project Sept. 5. The tire manufacturer held off on the construction because of global and tire industry economic conditions.
Kumho Tire Georgia and regional officials reached an agreement to get the terms of the original 2008 contract extended. The tire maker plans to spend $200 million to restart the project.
In 2008, Kumho said it would spend $225 million to build the plant, which would have 2.1 million units a year capacity in its first phase, and as much as 3.15 million later. Company officials didn't say if that still was the firm's plan.
The firm said the facility would employ 300 when it starts up.