Michelin to invest $1 billion in China - report

ERJ staff report (DS)

Beijing - Quoted on the CRIA website, Michelin's group finance director reportedly said Michelin expects to invest over $1000 million in China between now and 2015.

The company still cannot meet local demand for Michelin-branded tyres.

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Report on CRIA website (Chinese language)

Above report auto-translated from Chinese