Kuhmo Tire to Begin Construction on Macon Plant, Bring 450 Jobs
Wednesday, July 2nd, 2014
South Korean tyre marker Kumho Tire said on Tuesday it plans to invest $413 million to build its first factory in the United States to cater to demand from Hyundai Motor Co and other global automakers. It is expected to eventually hire 4590 workers.
Kumho Tire said it would resume construction of the plant in Georgia, which broke ground in 2008 only to be put on hold due to the global financial crisis.
The factory would be completed in early 2016 and would have annual capacity of about 4 million tires.
Kumho, which has been under a debt restructuring programme since 2009, said its creditors had approved the factory plan.
