Michelin Loses 320,000 Tyres in Fire

Michelin North America Inc lost approximately 320,000 tyres because of fire at a South Carolina distribution centre, according to a Tire Business report. The fire was started on 13 January after a tornado (possibly two) lifted the roof off the facility and slammed it back down again. Residents living within half a mile were evacuated.

Michelin reports that the loss of tyres represents only a fraction of 1 per cent of the manufacturer’s unit sales in North America. Michelin added its financial loss is negligible since TNT carried insurance on the building and property, the US trade magazine added.