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Continental selects Mississippi for new tire plant

Continental Tire the Americas has announced it reached an agreement with the state of Mississippi to
purchase a site for the construction of a commercial vehicle tire plant. When complete, the roughly $1.4
billion facility will employ 2,500 people, the company said.

Continental will begin site development in 2016 and expects to begin plant construction in 2018. The
production of commercial vehicle tires is planned to start by the end of 2019.

The manufacturing plant will be located at a greenfield site in Hinds County located near Interstate 20. The
site is two miles from Clinton and 20 miles from Jackson.

Nikolai Setzer, Continental’s executive board member for the tire business, commented: “The project in
Hinds County, Mississippi, is part of our global growth strategy. In a first step the new plant is especially
addressing our commitment to grow our commercial vehicle tire business in North America. The
announcement of a new tire plant in the US is the second in just five years for Continental. We thank the
state of Mississippi, Hinds County and the city of Clinton and Governor Bryant for his leadership in bringing
us to the Jackson area, and we look forward to a strong business relationship for years to come.”
Continental said it has invested more than $1.5 billion in the past five years for manufacturing, technology,
facilities and product development in the US. Part of the investment has been the expansion of
Continental’s tire plant in Mt. Vernon, IL and the new Sumter, SC facility.

Aside from the US, Continental’s tire division recently expanded production capacity in Russia, China and
Europe to better serve global demand on a long-term basis, the tire maker said.

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