Continental Tire in Illinois plans $129 million expansion


Share
Posted Online: Jan. 28, 2013, 12:19 pm
Comment on this story | Print this story | Email this story

MOUNT VERNON, Ill. (AP) Continental Tire of the Americas plans to invest $129 million at its Mount Vernon plant in an expansion project that will create more than 100 new full-time jobs over the next three years.

Company officials say the expansion is needed because of increased demand for Continental and General brand tires.

Vice President of Manufacturing Benny Harmse says the project includes $95 million to expand the company's commercial vehicle tire production. Other funds will be used to expand a warehouse and upgrade equipment.

The company has invested more than $600 million in the Mount Vernon facility since 2006. Harmse says that's because Mount Vernon is a business-friendly community with a dedicated workforce.

Continental Tire's Mount Vernon plant currently employs 3,200 people and produces more than 14 million tires each year.














 



Local events heading








  Today is Wednesday, April 23, the 113th day of 2014. There are 252 days left in the year.

1864 — 150 years ago: Some persons are negotiating for 80 feet of ground on Illinois Street with a view of erecting four stores thereon. It would serve a better purpose if the money was invested in neat tenement houses.
1889 — 125 years ago: The Central station, car house and stables of the Moline-Rock Island Horse Railway line of the Holmes syndicate, together with 15 cars and 42 head of horses, were destroyed by fire. The loss was at $15,000.
1914 — 100 years ago: Vera Cruz, Mexico, after a day and night of resistance to American forces, gradually ceased opposition. The American forces took complete control of the city.
1939 — 75 years ago: Dr. R. Bruce Collins was reelected for a second term as president of the Lower Rock Island County Tuberculosis Association.
1964 — 50 years ago: Work is scheduled to begin this summer on construction of a new men's residence complex and an addition to the dining facilities at Westerlin Hall at Augustana College.
1989 — 25 years ago: Special Olympics competitors were triple winners at Rock Island High School Saturday. The participants vanquished the rain that fell during the competition, and some won their events; but most important, they triumphed over their own disabilities.




(More History)