New investment by Michelin in Poland
ERJ staff report (TP)
Olsztyn, Poland – The Polish government announced that Deputy Prime Minister Janusz Piechocinski was at the inauguration of Michelin’s new investment and expansion of the Department of Agricultural Tires factory in Olsztyn.
Piechocinski said Michelin’s latest development showed “confidence in the government and local authorities [and] also demonstrates that large corporations perceive Poland as an attractive place to invest”.
The project will produce a new generation of tires for agricultural vehicles. The investment is worth more than 413m zloty (€98.4m).
The company employs more than 4,000 people in Poland and group turnover in 2012 amounted to 4.8bn zloty (€1.14bn). Since 1995, Michelin has invested about €500m in Olsztyn.
The plant produces tires for passenger cars and light commercial vehicles, trucks, agricultural vehicles, as well as cord fabric.
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Press release from the Polish government