CGS Tyres to build U.S. plant producing farm radial tires

  • 10-Sep-2010 08:55 EDT
CGS tyres 1.jpg

Bret Mills, Director of Iowa Department of Economic Development, and Tomas Nemec (right), Chairman of the Board of CGS, shake hands after signing an investment agreement on Aug. 31. CGS will build a factory in Charles City, IA, to manufacture tires by 2012, creating 159 jobs. (Image by Duane Tinkey)

CGS Tyres has announced a $43.81 million investment to build a new agricultural tire production plant in Charles City, IA. Representatives of CGS Tyres and the Iowa Department of Economic Development recently signed an investment agreement marking the end to negotiations that began in 2009. CGS Tyres expects to create at least 159 new jobs for local residents. Production is scheduled to commence by Jan. 1, 2012. The Charles City factory will produce the Mitas and Continental brands of farm radial tires for the North American market. The company plans to develop the production plant in three stages, depending on demand, with the third stage providing employment for 262 people and a total production capacity of 12,200 t (13,450 ton) of farm radial tires per year.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
2.00 Avg. Rating

Read More Articles On

2016-08-23
The all-new Armor Max Pro Grade MSD tire from Goodyear builds on the toughness of the Goodyear G177, while providing enhanced traction, miles to removal and retread ability.
2016-08-25
Daimler Trucks researchers find further fuel-economy improvement via a novel suspension control concept for trucks with 6×2 axle configurations.
2017-03-13
Startup-company Twin Spring Coupling features its new power transfer coupling that is warrantied to 300 lb·ft (407 N·m) of torque.
2016-11-15
Hyliion's electric-drive system hybridizes the trailer portion of the tractor-trailer combination and uses regenerative braking to capture power, possibly saving the trucking industry billions in fuel costs. The company recently won the grand prize in the 2016 "Create the Future" Design Contest for the technology.

Related Items

Technical Paper / Journal Article
2013-09-30
Training / Education
2013-04-09
Training / Education
2013-04-09
Training / Education
1997-03-11
Training / Education
2013-04-09
Training / Education
2013-04-09
Book
2009-03-30
Article
2016-11-11
Book
2014-01-21