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Sumter, SC (2012)

Continental Tire

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.

Investment

  • NMTC Amount: $57,960,000
  • Total Project Cost: $106,226,494

IMPACT

  • 1,700 FTE jobs
  • 854 construction jobs
  • 1,000,000 sq. ft. of real estate

Investor

Project Description

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.

MAP

Address: 1805 U.S. Highway 521 South, Sumter, SC 29153

Census Tract: 45085000600

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