Continental Tire North America announced more than $60 million in new investments for its Mt. Vernon, Ill., facility over the next three years.
These investments will expand CTNA's Passenger & Light Truck tire operations as well as its Commercial Vehicle Tire operations. As a result of these investments, they will also add approximately 75 new jobs in Mt. Vernon.
Approximately $20 million will be invested in Mt. Vernon's CVT operations. This investment will provide new and updated machinery and tooling to accommodate additional product brought in from Europe. As a result, Mt. Vernon will make and supply more tires for the Canadian and U.S. markets and continue to own more than 90 percent of CTNA's total CVT production in the U.S.
"CTNA has continued to invest in this facility because our employees here have proven their dedication to successfully meeting the ongoing challenges in our industry," said Hank Eisenga, vice president of manufacturing in Mt. Vernon.
These investments will expand CTNA's Passenger & Light Truck tire operations as well as its Commercial Vehicle Tire operations. As a result of these investments, they will also add approximately 75 new jobs in Mt. Vernon.
Approximately $20 million will be invested in Mt. Vernon's CVT operations. This investment will provide new and updated machinery and tooling to accommodate additional product brought in from Europe. As a result, Mt. Vernon will make and supply more tires for the Canadian and U.S. markets and continue to own more than 90 percent of CTNA's total CVT production in the U.S.
"CTNA has continued to invest in this facility because our employees here have proven their dedication to successfully meeting the ongoing challenges in our industry," said Hank Eisenga, vice president of manufacturing in Mt. Vernon.
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