All corporate decisions will be dependent on future demand and market conditions, but the Cartersville-Bartow County Joint Development Authority approved proposals for bond capacity up to $880 million for Toyo Tire and $30 million for TTNA, the entity over Toyo’s warehousing, to be applied toward expansion over the next 10 years.
Toyo executives will finalize decisions after financing options are gathered from facilities across the globe. Final word on which location will receive the intended growth is expected after the first of the year.
The expansion could cumulate in a total of 1,370 jobs for the facility in White. That is 470 new positions in the next 10 years in addition to the approximately 700 current employees and 200 new positions announced in September.
See Wednesday’s edition of The Daily Tribune News for further coverage.