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Tennessee approves grant for Nokian plant

Tennessee officials have approved a $28.42 million state infrastructure grant in support of Finnish tire manufacturer Nokian Tyres’ planned $360 million tire factory.

Nokian and the state announced in May the manufacturer would build its first U.S. tire plant in Dayton, north of Chattanooga. Construction for the plant will begin in early 2018 with the plant being fully operational by 2020.

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