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Michelin buys 10 per cent share of Gajah Tunggal

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The Michelin group has bought 10% stake in Gajah Tunggal. It is said that the Indonesian tyre manufacturer is going to produce associated brands for
Michelin but not the premium brand Michelin. The Michelin group has already signed joint ventures with Hankook (Korea) and Apollo Tyres (India).

Related news:

  1. Michelin to import truck tyres to India
  2. Michelin Apollo to build new plant
  3. Michelin’s Radial Plans Rely On Demand
  4. Apollo Offered £20 Million From Hungary
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