15 Sep 2004
By Patrick Raleigh, ERJ On-line news editor
Paris-Groupe Michelin has acquired land at Olsztyn, Poland, according to a Michelin spokeswoman, commenting on local media reports of a planned expansion at its Stomil Olsztyn tyre operation. Rzeczpospolita on 31 Aug reported that the French tyre maker was to invest Zloty1000 million (Euro230 million) in the unit, subject to Polish government approval. The Michelin official declined to comment further on the company's intentions for the acquired land.
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