Michelin aims for 30% cost reduction in future plants

Montreal, Canada – Michelin will reduce production costs by 30% at all new greenfield passenger car tire plants, compared to levels at its existing facilities, a senior official has stated.

Michelin-plant costsDuring an investors presentation in Montreal 13 June, Michelin’s head of investor relations Valérie Magloire said the reduction will be achieved through “purchase of less customised machinery, streamlined flows, more flexible building blocks, co-designing products and processes as well as optimised engineering processes.”

Additionally, the French group…

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