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People walk up Main Street during lunch time Nov. 28 in downtown Ardmore. Uncertainty has settled over Ardmore after Michelin announced it would be closing the city's tire plant in 2024 or 2025.
Ardmore was stunned but isn't exactly reeling over Michelin's decision to close its tire factory, the city's largest employer, and shed some 1,400 jobs, but only because it will unfold over at ...
The plant will close by the end of 2025, if not sooner. Michelin says it will offer separation benefits and jobs in other facilities to those who want them. 'An economic earthquake.'
Ardmore is the principal center of trade for a ten-county region in South Central Oklahoma, with a retail pull factor of 1.7–1.9. Ardmore's major employers are Michelin North America, with 1,900 employees, who announced its plan to close in
Michelin (/ ˈ m ɪ ʃ əl ɪ n, ˈ m ɪ tʃ əl ɪ n / MISH-əl-in, MITCH-əl-in, French:), in full Compagnie Générale des Établissements Michelin SCA ("General Company of the Michelin Enterprises P.L.S."), is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France.
The largest one-day percentage gain in the index happened in the depths of the 1930s bear market on March 15, 1933, when the Dow gained 15.34% to close at 62.10. However, as a whole throughout the Great Depression, the Dow posted some of its worst performances, for a negative return during most of the 1930s for new and old stock market investors.
In 1973, French-based tire company Michelin broke ground on a plant in Anderson. Now, 50 years later, the Upstate leads the U.S. in tire construction.
The company formerly known as the United States Rubber Company, now Uniroyal, is an American manufacturer of tires and other synthetic rubber-related products, as well as variety of items for military use, such as ammunition, explosives, chemical weapons and operations and maintenance activities (O&MA) at the government-owned contractor-operated facilities. [1]