Michelin “to make big investments in China” – report is not confirmed

Liaoning, China – Chinese press sources are saying Michelin is planning to spend around $300 million to create the world’s biggest tyre plant in Shenyang, China. Michelin confirmed that it is studying its options at Shenyang. but said no decision has been made and declined to confirm or deny the press speculation or numbers quoted in the press.

Xinhua News Agency reported that, “A government official said that a memorandum has been signed with Michelin covering new truck tyre and car tyre…

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