Gov. Chet Culver and CGS Tyre have announced that the company will invest $43 million in a new agricultural tire plant in Charles City, IA. The announcement was made at the Farm Progress Show.
CGS Tyre said it would create 159 jobs at the new plant, which is expected to open in 2012.
Gov. Culver said the Iowa Department of Economic Development has been talking about bringing the company to Iowa for the past six years. CGS Tyre and the Iowa DED signed an agreement at the news conference this week.