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Nov 7, 2015

TIRE MAKER NEWS * Europe: Michelin to close European plants

* France - Michelin to close several European tire facilities

-- Michelin is set to close a number of tire production facilities in the United Kingdom, Italy and Germany, cutting more than 1,600 jobs and postponing a project to add earthmover tire capacity in India... The French tire maker said the decision to consolidate the businesses was in response to slowdown in the European new and retread truck tires market... The tire maker will reorganize activities in the United Kingdom and in Italy, which in addition to site closures, will include an investment of $290 million to modernize production and the logistics network in these countries...
(Photo: International Tire Manufacturing Michelin's plant in Ballymena, Northern Ireland)  -- CLERMONT-FERRAND, France - The European Rubber Journal, by Shahrzad Pourriahi - 3 Nov 2015

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