Czech tiremaker CGS Tyres formally confirmed yesterday its intent to build a new agricultural tire plant in Iowa.
The announcement was made at the Farm Progress Show, being held this week in Boone, Iowa.
The $43.81 million plant will be located in Charles City, Iowa, and will initially employ some 160 people, CGS said. Production is slated to begin in January 2012.
“We bring 78 years of expertise in tiremaking,” said CEO Jaroslav Cechura. “U.S. farmers will benefit from our advanced tires and increased competition.”
The Charles City factory will produce the Mitas and Continental brands of farm radial tires for the North American market.
CGS said it will develop the production plant in three stages, depending on demand, with the third stage providing employment for 262 people with a total capacity of 12,200 metric tons of radial ag tires per year.