Continental Tire (2012)

Sumter, SC

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NMTC Amount: $57,960,000

Total Project Cost: $106,226,494


NMTC equity allowed Continental Tire to expand their North American operations in the United States, rather than in another part of North America or South America. The project includes the development of a 1 million sq. ft. truck tire manufacturing facility that is now one of the most environmentally sustainable tire production plants in the world. The design incorporates pollution control and monitoring systems to eliminate the use of harmful solvents in the majority of the production process and reduces energy consumption through innovative heat recovery and energy reuse technology. The facility is located in a low-income neighborhood with an unemployment rate 1.53 times the national average.

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