Michelin announces investment in tire plant

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Michelin has announced that the tiremaker will invest $73 million (CDN) in Waterville, Nova Scotia.

The investment will cover equipment improvements, technology upgrades and increased production capacity over the next four to five years. The project also will include a 32,000-square-foot assembly building expansion. Michelin anticipates the investment project will create 50 new jobs in the area.

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