Michelin will close South Carolina tire cord and bead factory

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Michelin North America (MNA) Inc. is phasing out steel tire cord and bead production at its Sandy Springs, S.C., plant, which will close in early 2004.

The phase-out will take place over the next two years, say MNA officials.

The operation "is being closed because it is not cost-competitive."

The company plans to consolidate "much" of its production at other steel processing facilities.

MNA's Sandy Springs tire and cord plant employs nearly 300 people. The factory's 730-employee rubber processing operation will not be impacted by the closing, according to MNA officials.

Earlier this week, MNA announced the closing of its automated C3M plant in Reno, Nev.

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