$140 million announced to help modernize N.S. Michelin plant to produce more tires for electric vehicles

Michelin says it plans to spend $140 million to modernize its plant in Bridgewater, N.S., to help meet the global demand for tires for electric vehicles.

Michelin says it plans to spend $140 million to modernize its plant in Bridgewater, N.S., to help meet the global demand for tires for electric vehicles.

The funds will help secure people's jobs at the Bridgewater plant, as well as create more than 70 new positions.

The announcement was made following a tour of the Bridgewater manufacturing plant Tuesday morning, which included Prime Minister Justin Trudeau and Nova Scotia Premier Tim Houston.

"Nova Scotia is an amazing place to do business and Michelin's decision to modernize and expand its operations here speaks volumes about our business environment," said Nova Scotia Premier Tim Houston.

"Michelin's strong commitment to greening their operations aligns with our government's plan for a clean and green economy, where the environment and Nova Scotians can thrive, and no one is left behind."

According to Alexis Garcin, the president and CEO of Michelin North America, Inc., the plant's modernization will also help Michelin reduce pollution in its operations by electrifying key parts of the manufacturing process.

"Michelin is committed to developing the mobility of goods and people and doing so in a cleaner and more sustainable way," said Garcin.