Michelin enters African tyre distribution joint venture

22nd March 2018 | 0 Comments
 
Michelin enters African tyre distribution joint venture
Michelin enters African tyre distribution joint venture

A new joint venture has been set up between Michelin and industrial products distributor CFAO for importing and distributing premium and quality segment tyres into Kenya and Uganda. CFAO holds a 51 per cent share in the new entity and Michelin the remaining 49 per cent. The joint venture’s governance is equally divided between CFAO and Michelin.

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Category: Company News, International News