GPX to close solid industrial plant in Ontario
GPX International Tire Corp. will close its solid industrial tire plant in Mississauga, Canada, in order to consolidate solid tire production at its plants in Gorham, Maine, and Xingtai, China.
"The move is part of an overall plan for GPX to rationalize its wholly owned manufacturing facilities," say GPX officials.
GPX also plans to expand production in Maine, and will move select equipment from Canada to the Maine plant.
Meanwhile, the "commodity-type" tires made by GPX will be moved to China.
"By moving production of its price sensitive commodity type products to China, GPX will be able to better compete with the entry level tires and tires coming in from Sri Lanka."
GPX will systematically begin phasing out production at the Mississauga facility over the next several months.