Michelin Reportedly Planning a 4th Factory in Brazil

An unsourced report published in Brazil’s O Estado de S. Paulo newspaper indicates that Michelin has plans to build a fourth factory in Rio de Janeiro State. The US$200 million plant, says the newspaper, will be built in Itataia, in the south of the state, where another Michelin facility is already in operation. The company also operates factories in Resende and Campo Grande.