WATERVILLE, N.S. — Michelin announced today that it’s investing $64.1 million into expanding its Waterville, N.S. factory, where its X One wide-base tire is produced.
The province of Nova Scotia is adding up to $8.9 million. The expansion is expected to add 50 new high-value jobs in the Annapolis Valley region.
“When a company is coming here, or expanding here, I want it to be profitable enough to re-invest and keep hiring Nova Scotians,” said Premier Darrell Dexter. “Companies like Michelin can choose to grow anywhere. I’m happy that they have chosen to keep growing in Nova Scotia, meaning more good jobs, more families and more young people.”
Michelin will invest in the installation of new technologies to improve manufacturing processes, which will support the growth of its wide-base tire product line. As part of the expansion, a 3,000 square-metre addition will be built.
“Today’s announcement shows once again that Michelin believes in both the province of Nova Scotia and our highly skilled employees,” said Dana LeBlanc, president, Michelin North America (Canada). “The demand is growing in North America for our wide-base tire products like the Michelin X One, and this manufacturing investment at Waterville will help us meet that demand.”
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