Pneu Laurent Quits Passenger Retreads

Michelin subsidiary Pneu Laurent has terminated the production of passenger car retreads at its Avallon factory in France. The decision comes exactly 50 years after the company first entered the business. The company’s sales figures have decreased in the past few years due to the low prices of new tyres, particularly those coming from the Far East.

Pneu Laurent maintains that every one of the 22 workers involved in the division will be relocated within the company. It is not the first company to withdraw from the segment and follows Reiff Reifen, which has also ended the production of passenger car retreads due to the declining trend in the market.