Tire remanufacturing plant to bring 340 jobs to St. Marys, Ont.

North America’s largest tire remanufacturing plant is set to open in St. Marys, Ont., creating 340 new jobs.

Green Arc Tire Manufacturing Inc. announced that it is opening a new, modern $37 million facility near London, Ont., to make tires that are greener, more affordable and safer for winter driving conditions than regular tires. The company remoulds radial tires, and plans to produce as many as three million “green” passenger, SUV and light truck tires a year at its plant in St. Marys.

Green Arc Tire Manufacturing is taking used tires and remoulding them in a process that reuses almost all of the original components. Its remoulded tires will have one of the highest post-consumer contents of any recycled product, reducing old tire stockpiles, the company says.

The facility is scheduled to open in February 2014.