50 new jobs expected
The Michelin plant in Waterville.
Michelin North America reinforced its commitment to the province of Nova Scotia today by announcing a $73 million (CDN) project investment at its Waterville truck tire plant. Michelin anticipates the investment will create approximately 50 new jobs in the Annapolis Valley.
‚ÄúToday‚Äôs announcement shows once again that Michelin believes in both the province of Nova Scotia and our highly skilled employees,‚ÄĚ said Dana LeBlanc, president, Michelin North America (Canada) Inc.
‚ÄĚThe demand is growing in North America for our wide based tire products like the MICHELIN¬ģ X One¬ģ, and this manufacturing investment at Waterville will help us meet that demand.‚ÄĚ
Michelin will invest $64.1 million to expand its Waterville facility as part of the project, with the province promising to invest up to $8.9 million in jobs created by the project, an investment the province says will benefit Nova Scotia long after it is fully recovered in about eight to nine years.
‚ÄúCompanies like Michelin have demonstrated that Nova Scotians, and particularly the workers and industries in rural Nova Scotia, can be among the world‚Äôs best in quality and productivity,‚ÄĚ said Nova Scotia Premier Darrell Dexter. ‚ÄúThis investment will help Michelin create an anticipated 50 new, high-value jobs in rural Nova Scotia.‚ÄĚ
LeBlanc said, ‚ÄúWe appreciate our long-standing partnership with the provincial government and we are certainly proud of our over 40-year history of manufacturing in this province. This investment is even more special as Waterville just celebrated 30 years of manufacturing last year.‚ÄĚ
The Michelin Waterville plant will make capital investments in equipment improvements and increased production capacity over the next four to five years. The project will include the installation of new technologies in all aspects of the manufacturing process, supporting the success and continued growth of wide based tire products like the MICHELIN¬ģ X One¬ģ for commercial trucking in North America. In addition, the project will include a 3,000 sq. metre assembly building expansion. Hiring for positions will be ongoing as the project develops.
"We are proud to have Michelin in our community and happy Michelin has chosen to grow in Kings County," said County of Kings Warden Diana Brothers. "This expansion will create high-value jobs in our rural municipality that will help families and young people continue to prosper."