Why it’s too early to cry tyre-mageddon

5th November 2015 | 0 Comments
 
Why it’s too early to cry tyre-mageddon

On 3 November Michelin announced a series of pan-European tyre manufacturing restructuring plans designed to address the dual pressures from the on-going negative effects of the 2008 global financial crisis and the sharp increase of low-cost imports – especially in the truck and bus tyre segment. In short this means the closure of its Ballymena truck tyre plant, alongside investment in its Dundee and Stoke facilities; as well as the closure of its Pneu Laurent retreading operation in Germany; not to mention further significant investments and some closures in Michelin’s Italian tyre production plants.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , , , , , ,

Category: Company News, Editorial/Comment, Premium

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]