Michelin North America has announced a $73 million investment in its Waterville, Nova Scotia, plant. The investment will lead to the addition of approximately 50 jobs at the plant, Michelin said.

“Today’s announcement shows once again that Michelin believes in both the province of Nova Scotia and our highly skilled employees,” said Dana LeBlanc, president, Michelin North America (Canada) Inc. ”The demand is growing in North America for our wide based tire products like the Michelin X One, and this manufacturing investment at Waterville will help us meet that demand.”

The Michelin Waterville Plant will make capital investments in equipment improvements and increased production capacity over the next four to five years, the company said. The project will include the installation of new technologies in all aspects of the manufacturing process. In addition, the project will include a 3,000 sq. meter assembly building expansion.

“Companies like Michelin have demonstrated that Nova Scotians, and particularly the workers and industries in rural Nova Scotia, can be among the world’s best in quality and productivity,” said Nova Scotia Premier Darrell Dexter. “This investment will help Michelin create an anticipated 50 new, high-value jobs in rural Nova Scotia.”

The Waterville plant, operating since 1982, manufactures radial truck and off the road (OTR) and heavy-duty earthmover tires.