ROCKY MOUNT, N.C. (AP) — A Chinese tire maker which announced a project five years ago to build a plant and bring at least 800 jobs to a North Carolina county has pulled out and returned the 400-acre site, officials said.
News outlets report Triangle Tyre notified the Carolinas Gateway Partnership and Edgecombe County that it would not build two large plants at the Kingsboro Road mega site, partnership CEO Norris Tolson announced Monday. The investment was worth $580 million.
In March, the company announced it was withdrawing from the project due to a number of issues that caused its leadership to decide to discontinue the project to focus on its business needs in China. Triangle officially reconveyed the 400-acre site to Edgecombe County on May 13.
Tolson said he urged Triangle representatives to keep Edgecombe County and North Carolina in mind for future opportunities. The partnership says the site has already attracted multiple potential projects and discussions are ongoing with other companies interested in locating there.