Michelin to Spend US$300 million in China

Michelin is reportedly preparing to spend US$300 million expanding its tyre production facilities in China. The French tyremaker has signed agreements with officials from the Liaonong (northeast China) provincial government related to new truck and passenger car tyre projects.

When the two projects are implemented, the company’s existing base in Shenyang, the capital city of Liaoning, will become the world’s largest tyre production base.