Michelin to invest $1.06 billion in French operations

ERJ staff report (RPN)

Clermont-Ferrand, France – Michelin will invest $1.06 billion (€0.8 billion) in France in the next six years to streamline production in an effort to enhance efficiency and strengthen the competitiveness of its French operations, reports Bruce Davis of Rubber & Plastics News.

The investment includes $290m (€219m) in the research and development centre in Clermont-Ferrand to “maximise our power of innovation and shorten development;” $190m (€143m) to improve off-the-road tire production at two plants; and $160m (€121m) to consolidate truck tire capacity at…

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