Michelin Tyre PLC has announced that Michelin Group has agreed to invest up to £50 million in its UK manufacturing sites at Ballymena, Dundee and Stoke-on-Trent over the next six years. This investment plan will be supported by grants from the UK and Scottish governments and will help the company increase production capacity and help secure employment at all three of its UK production sites. Implementation of these plans has already begun at Dundee with the hiring of 140 people to fill newly created positions and the construction of a building extension to house new production equipment. In Stoke work has also commenced with the conversion of an existing building, ahead of the installation of new state-of-the-art equipment for the manufacture of the latest generation Michelin Remix truck tyres.