At the ground-breaking for the Sumter plant in March 2012, company officials indicated there was sufficient room at that 330-acre site to accommodate truck tires alongside passenger and light truck tires. Conti's initial investment in Sumter was $500 million.
Conti also has tire plants in San Luis Potosi, Mexico; Camacari, Brazil; and Cuenca, Ecuador.
The company also recently disclosed that it would begin selling OTR and farm tires in North America this year as part of a global effort to expand sales in those product areas.
Conti has been building its companion ContiLifeCycle retread business steadily the past few years in North America. To date it has has 10 licensees in the U.S. and two in Canada, along with five plants in the U.S. under its BestDrive L.L.C. subsidiary.
In prepared remarks issued ahead of press conference scheduled for Monday afternoon in Jackson, Mr. Bryant thanked Mr. Setzer and the entire Continental team for choosing to invest in Mississippi and its citizens.
In return, Mr. Setzer thanked the state of Mississippi, Hinds County and the city of Clinton and Mr. Bryant for his leadership in bringing the project forward. “…(W)e look forward to a strong business relationship for years to come.”
Paul Williams, executive vice president, Continental Commercial Vehicle Tires, the Americas, said, “As we plan our growth, we have found this site provides significant advantages for a future tire plant in terms of its large skilled workforce, as well as its deal location and infrastructure.
“The state of Mississippi has developed an outstanding business climate and this site met all of our needs for projected growth in the near as well as in the longer term. We look forward to providing well-paying jobs with excellent benefits to the people of the Jackson area within the next few years.”