Michelin to build earthmover tyre plant in Brazil

PARIS (April 11)–Groupe Michelin will spend about $200 million through mid-2007 to build a plant for earthmover tyres in Brazil to serve customers in South and North America.

Michelin said the project, due on stream by the second half of 2007, is in response to growing demand for earthmover tyres. The facility will be built in Campo Grande, on a plot of land adjacent to Michelin’s existing heavy truck tyre factory.

The plant initially will have annual capacity of 40 000 tonnes, rising eventually to 55…

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