Montupet Invest in North Irish Wheel Production

Automotive supplier Montupet S.A. (France) felt a recession of around three to four per cent in sales in 2004, or 423 million euros. However the company’s annual general meeting has reported a net profit of 17.72 million euros, but more importantly reduced its debts to 22 million euros. Investments including that into Renault engines, a Canadian plant for Chrysler/USA and the modernisation of a Belfast aluminum cast wheels factory, were valued at 26 million.