Grant & Loan Awards: Bibb County


EDGE

Bibb County

EDGE Fund: $3,800,000

Awarded: 01/14/2009

Applicant: Macon-Bibb County Industrial Authority


Description:
EDGE funds to assist with site preparation and infrastructure costs to support the location of Kumho Tire Georgia, Inc. (KTG), a Korean-based tire manufacturer, to Macon. The Company plans to construct a 1.3 million square-foot facility on a 131acre site in the Sofkee Industrial Park. KTG is a subsidiary of Kumho Tire Company, Inc. (KT) which was founded in 1960 and is the eleventh largest tire manufacturer in the world. With manufacturing facilities in Korea, China and Vietnam, this will be Kumho’s ninth facility. In addition, this facility will be the first one in North America. KT manufactures tires for passenger cars, SUV’s, light trucks, commercial trucks and formula 3 competition racing cars. Customers include Ford, General Motors and Porsche.


Total Budgeted Project Cost: $260,534,000


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