Report: Michelin investing 40 million euros in Hungary plant

Michelin has announced plans to expand production at its Nyíregyháza (northeastern Hungary) production plant as part of a 40 million investment project. According to the local Budapest Business Journal, the investment is expected to raise the plant’s daily output to 6,900 tyres by the end of 2017 and raise headcount by 100. Hungarian news agency MTI highlighted that Michelin produces high-performance tyres at its plant in Nyíregyháza.