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Trudeau offers support as Michelin expands EV operations in Nova Scotia | FULL

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Prime Minister Justin Trudeau and the CEO and president of Michelin North America Alexis Garcin said in a news conference on Tuesday that Michelin is expanding its operations in Nova Scotia, with help from the federal government and a recently-increased provincial tax credit. Garcin said that the company plans to spend $140 million to expand their plant in Bridgewater, which is part of a larger $300 million investment to expand other Michelin facilities in Nova Scotia.

Trudeau said Ottawa is willing to spend up to $44.3 million on the project, pending a final agreement, and that the planned expansion will secure existing jobs and create new ones.

“This isn’t just good for your local economy, it’s also good for the environment. More and more people want clean technologies in their lives, including electric vehicles,” he said. “We know that EVs require tires that are designed differently. These new modernized facilities will be able to manufacture tires that will respond to the global demand for EVs.”

Garcin and Trudeau were joined by Nova Scotia Premier Tim Houston, who says Michelin’s decision to modernize and expand its operations is a testament to Nova Scotia’s strong business environment.

For more info, please go to https://globalnews.ca/news/9550158/ns-michelin-expansion-investment/

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