Dundee plant to benefit from Michelin investment?
News of Michelin plans to invest in its Dundee facility is circulating in various Scottish newspapers and websites. According to reports, the tyre maker intends to inject a “multi-million pound” investment into the plant in order to facilitate the production of its latest premium eco passenger car tyres. A Michelin study is said to be underway with a best case outcome being the installation of additional production machinery at Dundee, a switch to continuous seven-day operation and the creation of some 140 new jobs. In addition, plans for the Scottish factory include the safeguarding existing employment there.
“This is excellent news for everyone at Michelin Dundee and for the local community,” said Dundee plant manager John Reid. “I am really optimistic about the future and I am confident that our employees will continue to deliver first class results to show that the group’s confidence in us is justified.”
Talk of investment in Dundee has been doing the rounds for some time and at this stage no definite commitment has been made. It appears the Scottish factory is not the only Michelin plant vying for the said investment, and to boost its case Michelin UK has been exploring financial assistance options with the Scottish Government.