MT. VERNON, Ill. — Continental Tire North America (CTNA) will invest an additional $60 million in its Mt. Vernon, Ill., manufacturing plant over the next three years, bringing the total amount invested in the facility since 2006 to more than $220 million.
“The Mt. Vernon employees continue to step up to the plate and prove that they are competitive on a global level,” said CTNA CEO Matthias Schoenberg. “Today’s announcement is another big step forward for CTNA and for the Mt. Vernon facility, and one that will allow us to take our operation to an even higher level. The investment will allow for increased manufacturing flexibility, enabling us to adjust to increased market demand for replacement tires, particularly in categories such high-performance and ultra-high performance that provide higher added value to both Continental and its customers.”