TORONTO—A small town in southwestern Ontario will soon be home to a $37-million facility that will produce more than three million remanufactured passenger vehicle tires.
Green Arc Tire Manufacturing Inc., announced plans to open North America’s largest tire remanufacturing plant in St. Marys, Ont., near London, Ont., creating 340 new jobs, where it will produce affordable, eco-friendly tires for winter driving.
“Our goal is to help make the winter driving season safer, by making winter tires that are affordable for more drivers,” Green Arc chief operating officer Mike DiCenzo said in a statement.
While the cost of the tires has yet to be announced, DiCenzo said the remanufactured tires, made from used tires that are remoulded, will cost 30 to 50 per cent less to make versus standard winter tires.
Using “almost all” of the used tires’ components, Green Arc claims its tires will have one of the highest post-consumer contents of any recycled product on the market.
Of the 340 jobs created at the new facility, the company said 40 positions will be reserved for veterans and former members of the Canadian military.
The facility is scheduled to open in February 2014.