Michelin North America Inc. plans to invest more than $100 million in its Junction City, Kan., agricultural track manufacturing plant.
The investment will take place over the next five years and is designed to increase the factory's production capacity.
“At Michelin, we are proud to partner with our customers who are meeting the challenge of feeding the world more efficiently while protecting the environment,” says Alexis Garcin, president and CEO of Michelin North America.
“This investment in agricultural tracks capacity is further evidence of our commitment to bring Michelin’s all-sustainable strategy to life in North America, positioning the company as a leader in this fast-growing market segment and creating careers that will benefit 200 families in the community.”
The investment "will increase the output of Camso agricultural rubber tracks to better respond to market evolution," according to Michelin officials. "This includes both aftermarket and original equipment customers."