Japan based Toyo Tire requested the increased bond capacity last year for eventual and gradual expansions of the Toyo Tire North American Headquarters in White. The agreement between Toyo Tires and the Cartersville-Bartow County Joint Development Authority was signed at a press conference held at the Clarence Brown Conference Center.
Beginning production in 2006, Toyo Tires’ Bartow County facility became the company’s first tire manufacturing plant outside of Japan now employing more than 1,000 people. Increased bond capacity, signed into effect today, will allow Toyo to grow to nearly 1,400 employees by 2020.
“Our state still has an unacceptably high unemployment rate and job creation is my number one goal in this administration. So, being able to say that you have numbers of this size is a great step in the right direction,” Deal said.
For more information see Wednesday’s edition of The Daily Tribune News.