Michelin enters African tyre distribution joint venture

Thursday 22nd March 2018 | 0 Comments
 
CFAO’s Richard Bielle (left) and Michelin’s Yves Chapot pose with Bibendum after announcing the new joint venture
CFAO’s Richard Bielle (left) and Michelin’s Yves Chapot pose with Bibendum after announcing the new 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