Michelin will build a new plant and expand another in South Carolina to build construction and mining tires. The company will spend $750 million on the projects.
The new plant in Anderson County will add 500 jobs, and the expansion is Lexington another 270.
Continental Tire and Bridgestone Tire have also moved to expand production in the state. Demand for construction and mining tires is fueling the expansion.
The Wall Street Journal provides further analysis (link may require registration).