GRANTON, Nova Scotia—Michelin North America (Canada) Inc. is budgeting $16 million in investments at its Granton plant to support the 2020 launch of a winter tire designed specifically for the North American market.
The launch of the new, as-yet unnamed winter tire line will create 150 jobs at the Granton plant and make permanent 200 temporary positions that previously were slated to end in 2020, Michelin said.
This project will expand Michelin's employment in Nova Scotia to more than 3,600, the highest levels the firm's almost 50-year history, according to Jeff MacLean, president of Michelin Canada.
"This is a testament to the dedication of our employees, the support of our community and government partners, and our continued ability to deliver top-quality products for the North American marketplace."
The investment at the plant is tied to the introduction of an innovative process for semi-finished materials, Michelin said.
The new tire will build on the success of the Latitude X-Ice XI2 winter tires built at the Granton plant for Canadian and U.S. markets.
The addition of the new semi-finished materials process will allow Michelin to remain competitive in the marketplace, Mr. Maclean said, while also helping it build its manufacturing base in Nova Scotia."