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New Power Plant To Be Installed At Michelin UK Plant

London-PowerGen CHP Ltd is to construct a new £40million combined heat and power (CHP) plant at Michelin’s UK manufacturing site in Stoke-on-Trent. The building of the site is viewed by Michelin as a vote of confidence in the plant, which is at present shredding 473 jobs from its 2700 workforce. It is anticipated that the CHP plant will be operational by the end of 2001 and will meet Michelin’s energy requirement for at least 15 years, under a long term energy supply agreement.

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Related news:

  1. Michelin Development Fund Reaches New Heights
  2. Michelin Development Canada Announces Five New Loans
  3. Michelin to invest £50 million in UK manufacturing sites
  4. Michelin Sells US Steel Cord Operations
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Buy Back in Hayes Lemmerz Stock Repurchase Program

Hayes Lemmerz International, one of the world’s leading suppliers of wheels, brakes, powertrain, suspension, structural and other lightweight components to the automotive and commercial highway markets, has announced that its Board of Directors has approved the repurchase of up to an aggregate of $30 million of its outstanding Common Stock. “Based on current market prices, our stock is at a historical low and we believe that the repurchase program is a good investment of available funds,” said Ron Cucuz, Hayes CEO and Chairman of the Board.

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Related news:

  1. Hayes Lemmerz Receives Ford 2006 World Excellence Award
  2. G-Power Claims World Record on Dunlop Tyres
  3. Alcoa Wheels Selected for Lightweight Lamborghini
  4. Brembo brakes honoured by German magazine for 6th time
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