Michelin Implement Plans in Nova Scotia

Michelin is to invest $31 million (£17 million) in plans to upgrade and expand production at its Bridgewater and Waterville tyre plants situated in Nova Scotia, according to the Nova Scotia Economic Development Ministry, which is providing $3 million to help secure the project.

The company will invest $19 million (£10 million) into the Bridgewater site, to enable production of larger dimension light truck tyres. A further $12 million (£6.5 million) will be invested in the Waterville plant, allowing production of large industrial and construction tyres to commence.

“More than three thousand Nova Scotians and their families depend on Michelin for their livelihoods, this contribution will help secure those jobs, as well as expanding the existing workforce,” said Economic Development Minister Ernest Fage.

Michelin’s spokesperson George Sutherland stated: “These investments are good news for our Bridgewater and Waterville facilities. They demonstrate the ability of Nova Scotia employees to deliver on quality and price in a very competitive market. Michelin and our Nova Scotia plants compete on a global basis with tyre companies that manufacture throughout the world. We very much appreciate the province’s recognition of this. Michelin Nova Scotia’s ability to continue to attract investment and to remain flexible to constantly changing economic and market conditions is key to our overall long-term success.”