Michelin to Reorganise Italy Operations
On October 28 Michelin announced its plan to make operations in Italy more competitive. More than 200 million euros will be invested between now and 2013 to upgrade the company’s production facilities in the country, in order to make them more productive and specialised.
Production capacity will be significantly increased in Cuneo; following this expansion the Michelin plant will be the largest premium passenger car tyre production facility in Europe. Car tyre production will end at the company’s Stura workshop in Turin at the end of 2009. Semi-finished products will continue to be manufactured there, however, and the site’s logistics centre will operate following the transfer of the Vercelli warehouse.