Michelin to hike capacity at two Brazilian plants

From Rubber & Plastics News

Rio De Janeiro, Brazil-Soc. Michelin Ltda. will invest $98 million in the next two years to expand annual capacity at its truck tYre plant in Rio’s Campo Grande district and its steel cord factory in Itatiaia.

The Brazilian unit of Groupe Michelin has budgeted $74 million to boost truck tyre output 40 percent at the 23-year-old Campo Grande facility to 1.6 million units a year. The remainder will be invested in steel cord capacity at Itatiaia, which also is the site of…

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