Report: Michelin Eying Thailand Expansion

TNA reports that Groupe Michelin may be planning to boost tyre production in Thailand, but such expansion will be based on prevailing political issues in that country. Michelin Southeast Asia and Oceania managing director Frederic Vincent told TNA that Michelin sees Thailand as Asia’s most important production base for exports worldwide and planned to increase its production capacity to accommodate economic recovery in Thailand. At the same time, the managing director said the company will “monitor the political situation closely as the group did not want to witness any uncertainties.” (Tire Review)