US Kumho Tyre Plant Gets Tobacco Money

Even though construction of the plant is on hold, Kumho Tire USA Inc. has received a multi-million dollar state grant for the project. The OneGeorgia Authority board awarded Kumho with a $3.8 million grant for its planned tire plant in the city of White, Georgia. The funds are for site preparation and infrastructure improvements.

Earlier this year, Kumho announced that it was postponing construction of the planned tyre plant due to concerns over the economy. The company has not stated when work on the facility will restart. The OneGeorgia Authority is funded by the state’s tobacco settlement. (Tire Review/Akron)