Michelin To Invest In Nova Scotia Plants To Make EV Tires
Michelin announced a $300 million investment into its Canadian operations to accelerate sustainable mobility and improve its environmental footprint.
The investment, part of Michelin’s global growth strategy, will see the installation of new technologies and equipment in Michelin’s three Nova Scotia production facilities to respond to market evolution. This includes manufacturing tires for the growing electric vehicle (EV) segment; larger rim size tires for passenger and light truck vehicles; as well as improved fuel efficiency for commercial trucks. In addition, the electrification of key parts of the manufacturing process will reduce carbon emissions at the plants.
“Michelin is committed to developing the mobility of goods and people and doing so in a cleaner and more sustainable way,” said Alexis Garcin, president and CEO of Michelin North America, Inc. “With these investments, we will do exactly that: continue to add capacity in the most strategic segments of the tire market to support the transition to electric vehicles and to energy efficient freight transportation, while further reducing the environmental footprint of our products and our plants.”
“Companies understand the excellence of Canada’s workers and auto sector – and today’s announcement is a testament to that,” said the Rt. Hon. Justin Trudeau, Prime Minister of Canada. “Here in Nova Scotia, we are once again seeing that when we invest in our workers, we build communities and an economy that works for everyone, while leaving a stronger, healthier future for our kids.”
“Today’s announcement is great news for the future of Canada’s auto sector. We are proud to partner with Michelin on a project that will support Canada’s advancement in the transportation sector and keep Canada on the cutting edge of the clean economy,” said the Honourable François-Philippe Champagne, minister of Innovation, Science and Industry. “With this investment, we are continuing to build a strong auto sector ecosystem by supporting the development of clean technology in the tire industry, creating well-paying jobs and generating economic benefits for Nova Scotians.”
