Michelin to Build New Earthmover Tire Plant in South Carolina and to Expand Another

$750 Million Investment to Create Up to 500 New Manufacturing Jobs

GREENVILLE, SC--April 10, 2012: Michelin North America will again expand its operations in South Carolina, it was announced today by Michelin North America's Chairman and President Pete Selleck.

Michelin, the largest manufacturing employer in the state, is breaking ground next week on a new Earthmover tire manufacturing plant in Anderson County, S.C. The company is also expanding its existing Earthmover tire facility in Lexington, S.C.

The two projects represent a $750 million investment and will create up to 500 new jobs. This announcement is in addition to Michelin's 2011 commitment to add an estimated 270 jobs and invest $200 million in its existing Lexington passenger and light truck tire manufacturing facility. This expanded operation at Lexington will begin production in October.

"Michelin intends to maintain and strengthen its leadership in all its specialty businesses, especially Earthmover radial tires," said Jean-Dominique Senard, managing general partner of Michelin. "The market for Earthmover tires grew by more than 20 percent between 2009 and 2011. This new facility will help us meet sustained demand while also attaining our growth objectives for 2015."

Selleck said, "There is unprecedented demand for Michelin Earthmover tires throughout the world. It's a tribute to the productivity of our employees and the pro-business environment in South Carolina that the company is expanding its Earthmover capacity in the state where we first began manufacturing in the United States."

The new plant will be Michelin's 19th manufacturing facility in North America and its ninth in South Carolina. More than 8,000 of Michelin North America's 22,300 employees are based in South Carolina.

"Nearly every Earthmover tire is sold before it is produced," said Selleck. "Michelin is one of very few companies in the world that is able to produce these high technology tires."

"Michelin has been part of the economic and social fabric of South Carolina for decades and remains one of our finest corporate citizens," said South Carolina Gov. Nikki Haley. "It really is a great day in South Carolina when our largest manufacturer reaffirms its commitment to the state."

U.S. Sen. Lindsey Graham said, "For nearly 40 years, Michelin has played an essential and leading role in South Carolina's economy. Today's announcement is more good news for South Carolina as it reinforces Michelin's commitment to manufacturing and good-paying jobs in our state. We are very proud that since 1973 Michelin North America has called South Carolina home." 

The new Earthmover tire plant will be adjacent to Michelin's existing rubber processing plant in Starr, S.C., and will be the third Michelin plant in Anderson County. The company also operates a 2.5-million square foot rubber processing plant, the largest in the world, in Sandy Springs.

In addition to the Lexington plant, Michelin currently produces Earthmover tires around the world in Waterville, Canada; Campo Grande, Brazil; Le Puy and Montceau-les-Mines, France; Vitoria, Spain and Zalau, Romania.

Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, Earthmovers, farm equipment, heavy-duty trucks and motorcycles. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America (Michelin US) employs more than 22,300 and operates 18 major manufacturing plants in 16 locations in the U.S., Canada and Mexico.