Michelin to Double PCR & LTR Capacity in Growing Markets by 2012

At an Exane BNP Paribas seminar on June 11, Michelin outlined its intention to double passenger car and light truck tyre capacity in growth regions by 2012 and to increased truck tyre capacity by 40 per cent within this timeframe. This growth will in part be facilitated by the construction of three greenfield plants – a new US$800 million truck tyre facility in India, an $800 million passenger car and truck tyre factory in China, and a passenger car tyre facility in Brazil. All three plants are anticipated to enter production in 2012.

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