2 Sep 2025
Move marks Michelin’s exit from off-highway bias tire market with plans to end production in Poland by yearend
Paris – Michelin has completed the previously announced sale of its off-highway bias tire and rubber track production operations in Sri Lanka to Indian tire maker Ceat Ltd.
The €212 million deal, initially announced December last year, includes Michelin's Sri Lanka-based Midigama Tyre Division and Casting Product Division plants, said Michelin 1 Sept. (ERJ report)
Furthermore, Ceat will take over the ownership of the Camso brand following a three-year licensing period.
The French group said the decision was part of the ‘Michelin in Motion 2030’ growth strategy, which focuses on segments that “fully leverage Michelin's innovations and technologies.”
At the same time, the group has planned to discontinue the production of off-highway bias tires at its Olsztyn factory in Poland by the end of 2025.
Michelin, however, noted that it will continue to offer its radial tires on the relevant market and its track systems for other beyond-road markets.
The disposed unit represented 3% of Michelin's net sales in its specialisties reporting segment in 2024.
The discontinuation, Michelin said, will help to strengthen the segment's economic performance.
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