Michelin buys land in Poland

Olsztyn Poland–Michelin has today signed a contract to buy some land adjacent to its factory in Olsztyn, Poland. According to a Michelin spokeswoman, this is a necessary precursor to a potential future investment in further capacity. Contrary to media reports in Poland, it does not mean Michelin has decided to build a new factory on the land.

The spokeswoman said Michelin is at an advanced stage of planning a future plant in the region, with a total investment of around Euro 250 million, but the…

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