13 Oct 2014
Pirot, Serbia – Michelin and its Tigar Tyres subsidiary, on 9 Oct, inaugurated the new Tigar Tyres plant in Pirot, where the French group has invested €215 million to expand capacity.
The expansion of the entry-level-segment production plant will create 500 new jobs in the region, according to a Michelin pres statement.
The new plant is equipped with high-end technology, allowing to increase the yearly production capacity and to reach 12 million tires by the end of 2016.
A memorandum of understanding between the Michelin Group’s Tigar Tyres subsidiary and the Serbian authorities as well as the City of Pirot was signed in April 2012 and the first tire was produced in September 2014.
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