Governor Cuomo Announces Sumitomo Rubber USA Will Invest $122 Million to Increase Town of Tonawanda Plant's Production Capabilities

March 30, 2021

Tire Manufacturer Will Be Adding 30 New Jobs and Nearly

Doubling Its Output at Western New York Facility

Governor Andrew M. Cuomo today announced Sumitomo Rubber USA will be investing $122 million in its Town of Tonawanda plant, resulting in 30 new jobs. The capital investment by SRUSA will include a major replacement of and upgrades to production and other equipment. The plant currently makes approximately 9,000 tires per day for cars, motorcycles, trucks and buses, and the investment will allow production to nearly double to 17,500 tires per day. The facility will be 100 years old in 2022, and the modernization will solidify the tire manufacturer's long-term economic future in Western New York.

"The multi-million-dollar investment in the Sumitomo Rubber plant is another strong signal of confidence in the Western New York economy's promise for rebounding from the pandemic," Governor Cuomo said. "The future success of New York's manufacturers is dependent on their hard-working employees and their ability to maximize production in response to increased market demands. I congratulate Sumitomo for creating this opportunity for growth and modernizing a plant that has a long history of success in the region."

"Sumitomo Rubber's investment in its Tonawanda plant is a testament to New York's economic development initiatives and the manufacturer's long-term commitment to Western New York," said Lieutenant Governor Kathy Hochul. "The investment will include major upgrades and modernization of production equipment at the nearly century-old facility, while protecting the long-term future of those currently employed and creating 30 new good paying jobs."

ESD is assisting SRUSA with the purchase of new mixing, tire building, curing presses and additional state-of-the-art equipment by providing up to $3.3 million through the Excelsior Jobs Tax Credit Program in exchange for job creation commitments. SRUSA is one of the biggest manufacturing employers in Western New York, with an average annual salary starting at $50,000 per year. It expects to complete the installation of the new equipment by December 2023.  

Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, "Sumitomo Rubber's $122 million investment will almost double the Tonawanda tire plant's output and keep this nearly century-old site competitive. Modernizing older facilities is one of the many ways Western New York manufacturers are growing, increasing productivity and investing in the jobs of the future."  

Read the full press release here.