Suppliers

It Looks Like the Next Tire Plant in the U.S. Will Be Built in Mississippi

Posted on February 4, 2016

The State of Mississippi is working to secure a $1.45 billion tire plant in Hinds County, Miss. The governor has called an extraordinary session for Feb. 4, 2016, and lawmakers are voting on state incentives to land the deal.

Mississippi Gov. Phil Bryant welcomed Yokohama to his state during the company's grand opening in October 2015. It sounds like he'll need to prepare remarks for another tire plant opening in the near future.
Mississippi Gov. Phil Bryant welcomed Yokohama to his state during the company's grand opening in October 2015. It sounds like he'll need to prepare remarks for another tire plant opening in the near future.
If this new plant comes to fruition, it would be the third tire plant to call Mississippi home. Cooper Tire & Rubber Co. operates a passenger tire plant in Tupelo, and Yokohama Tire Corp. began producing truck tires in West Point in 2015.

According to the Associated Press, Continental Tire the Americas LLC is the manufacturer, but when contacted by Modern Tire Dealer the company said it's all speculation at this point.

Late in the day on Feb. 4, Continental confirmed it will build a commercial tire plant in western Mississippi.

The state has so far not named the tire manufacturer, and documents don't reveal what kind of tires would be produced in Hinds County, which is near Jackson.

The legislation considered by state lawmakers does reveal the incentives are conditional upon a project that creates 2,500 jobs with an average annual salary of $40,000. Construction of the plant would be completed no later than the last day of 2022.

Related Topics: Mississippi, new plants, tire plant

Comments ( 0 )
More Stories
News Goodyear Will Post 3Q Results on Oct. 26

Goodyear Tire & Rubber Co. will report third quarter 2018 financial results on Oct. 26, followed by an investor conference call at 9 a.m.

"I wanted to be highly selective in finding a new owner," said Mark Defer, who recently sold his dealership to Tire Source.
News Ohio's Tire Source Aquires Its Sixth Store: Defer Tire

The Tire Source has expanded its five-store dealership in northeast Ohio with the purchase of Defer Tire in Streetsboro. The addition gives the company six stores in Medina, Montrose, North Canton, South Canton, Belden Village and Streetsboro, respectively.

News MaddenCo Gives Customers a Look at its New Web-Based Software

MaddenCo Inc. received requests from more than 400 customer locations for its new web-based software following a demonstration at its 2018 Users’ Conference.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!