01.09.2010
CGS Tyres invests in new Iowa plant
CGS Tyres is investing $43.81 million to build a new agricultural tyre production plant in Charles City, Iowa.
At the Farm Progress Show in Boone (Iowa), representatives of CGS Tyres and the Iowa Department of Economic Development signed an investment agreement marking the end to negotiations that begun in 2009.
CGS Tyres is committed to creating at least 159 new jobs for local residents. Production is scheduled to commence by January 1, 2012.
“We bring 78 years of expertise in tire-making,” said CEO Jaroslav Cechura. “U.S. farmers will benefit from our advanced tires and increased competition.”
The Charles City factory will produce the Mitas and Continental brands of farm radial tyres for the North American market.
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