Clermont-Ferrand, France – Michelin Group is making a €40-million investment in its manufacturing plant in Nyíregyháza, Hungary, where its “ultra-high performance” passenger car tires are produced, the company announced 6 March.
The investment starts in 2015 and by the end of 2017 will have created 100 new jobs in the region. The development plan will increase production capacity to 6900 tires per day.
The Nyíregyháza facility currenty has a capacity to produce 3000 PCR tire units/day and employs 950, according to ERJ Global Tire Report 2014.
The investment at Nyíregyháza will be aimed particularly at the growing market for 18-inch tire sizes in Europe.
“The mission of the factory remains unchanged, as it will continue producing Michelin-branded passenger car and 4x4 tires for sport, supersport and 4x4 vehicles,” said Michelin.
In addition to the current product categories, new puncture resistant tires would also be produced, a press statement added.
In Hungary, apart from the development of its manufacturing plant in Nyíregyháza, Michelin also has a logistics centre in Vác, which supplies central and southern European markets.
The company also has a strategic operational unit in Tuzsér, Szabolcs-Szatmár-Bereg county, which provides raw material commercial activities.
The French group set-up a new steering organisation in Budapest in 2013, which is responsible for the coordination of the sales of entry-level passenger car tires around the world.