Tag: Dundee

William and Kate meet with Michelin staff in Dundee

29th January 2019 | 0 Comments

The Duke and Duchess of Cambridge have met with Michelin Dundee stakeholders as part of a visit to officially open Dundee's V&A Museum of Design.

Continue Reading

Michelin: Dundee closure to cost £180 million through to 2021

Michelin: Dundee closure to cost £180 million through to 2021

20th November 2018 | 0 Comments

Michelin calculates that closing its tyre factory in Dundee will cost the company £240 million until the end of 2021, however it expects to partially offset this cost with £60 million of savings during this period and then make annual savings of £40 million thereafter.

Continue Reading

First meeting: Michelin Dundee Action Group

13th November 2018 | 0 Comments

Work to find a sustainable future for the Michelin Dundee plant is now underway – after Scotland’s Economy Secretary Derek Mackay convened the first meeting of the Michelin Dundee Action Group yesterday. Meeting in Dundee, Mackay tasked the group with exploring what can be done to retain the plant in Dundee and how it could be repurposed in the future towards manufacturing related activity.

Continue Reading

Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report

Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report

6th November 2018 | 0 Comments

An analyst report published by Jefferies International Limited has stated that the closure of Michelin’s Dundee plant “supports [the company’s] intent to accelerate cost savings during 2019-20.” Presenting its nine-month 2018 results in October, Michelin warned that demand had deflated in the car and truck markets and it was revising down its guidance; subsequently Michelin shares fell to a seven-year low.

Continue Reading

Michelin closing Dundee tyre factory

Michelin closing Dundee tyre factory

5th November 2018 | 0 Comments

Two months after the tyre manufacturer began a restructuring programme at its factory in Dundee, Michelin is set to close the plant at the cost of about 850 jobs. Michelin, which has run the Dundee site since 1971, says it plans to leave the city by 2020.

Continue Reading

Michelin: Restructuring, layoffs a possibility for Dundee tyre plant

Michelin: Restructuring, layoffs a possibility for Dundee tyre plant

10th September 2018 | 0 Comments

It isn’t just retreaders who have suffered at the hands of cheap tyres imported from the Far East. In a statement issued today, Michelin confirms that its plant in Dundee “continues to face extremely challenging trading conditions, primarily due to the influx of cheap tyres from Asia and falling demand for premium tyres in smaller dimensions.”

Continue Reading

Scottish Enterprise investing £4.5 million in Michelin Dundee plant project

Scottish Enterprise investing £4.5 million in Michelin Dundee plant project

22nd June 2017 | 0 Comments

Demand for larger tyre sizes continues to increase, and Michelin intends to better equip its Dundee factory for their production through a project being implemented at a total cost of £16.5 million. Scottish First Minister Nicola Sturgeon announced yesterday that Michelin’s own investment will be supported by a £4.5 million Environmental Protection Grant from Scottish Enterprise.

Continue Reading

Michelin Corporate Foundation becomes V&A Museum of Design founding partner

Michelin Corporate Foundation becomes V&A Museum of Design founding partner

3rd August 2016 | 0 Comments

Michelin Corporate Foundation has been announced as a corporate founding partner in the development of the V&A Museum of Design Dundee. The V&A Museum will be the first in the UK outside of London, and is part of a wider £1 billion regeneration scheme for the city. Due for completion in 2018, the foundation will support both its initial and ongoing development with a significant investment. A gallery within V&A Dundee will take on the Michelin name for a term of 25 years. Michelin has strong ties to Dundee; its tyre plant on Baldovie Road is the city’s largest employer. The French manufacturer committed to an investment of £52 million to modernise the plant in 2015, and was recently visited by the Queen.

Continue Reading

Queen and Prince Philip visit Michelin plant

Queen and Prince Philip visit Michelin plant

7th July 2016 | 0 Comments

The Michelin tyre factory in Dundee is the city’s largest employer, and last year the tyre maker committed to a plant modernisation investment totalling more than £52 million. The funds cover the installation of new tyre building machinery that will boost production capacity by 30 per cent, electric curing presses and the erection of a new 20,000 square metre warehouse.

Continue Reading

Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent

Michelin closing Ballymena factory, investing in Dundee and Stoke-on-Trent

3rd November 2015 | 0 Comments

Michelin Tyre Plc is consulting on the closure of its Ballymena truck tyre factory at the same time as investing in the expansion of its Dundee car tyre and Stoke-on-Trent retreading sites. The Ballymena factory closure plans suggest the site will be run-down between now and a mid-2018 closure point. The Ballymena factory currently employs 860 people and Michelin says it is “committed to supporting those employees during consultation and in the forthcoming months”.

Continue Reading

Michelin Dundee plans on display

Michelin Dundee plans on display

5th December 2014 | 0 Comments

Those wishing to see Michelin Tyre PLC’s plans for extending and modernising its Dundee facility can do so today and tomorrow at the Michelin Training Centre in Baldovie Road, Dundee. The tyre maker intends to extend existing factory buildings on the southern part of the Dundee site, reportedly to provide space for additional tyre production and storage, and undertake earthworks to create a flood storage area on the western part of the site. It is understood that the extensions would enlarge the existing building by 2,000 square metres, and a further 300 square metres of office space would also be added.

Continue Reading

Michelin to invest £50 million in UK manufacturing sites

18th November 2011 | 0 Comments

Michelin Tyre PLC has announced that Michelin Group has agreed to invest up to £50 million in its UK manufacturing sites at Ballymena, Dundee and Stoke-on-Trent over the next six years. This investment plan will be supported by grants from the UK and Scottish governments and will help the company increase production capacity and help secure employment at all three of its UK production sites. Implementation of these plans has already begun at Dundee with the hiring of 140 people to fill newly created positions and the construction of a building extension to house new production equipment. In Stoke work has also commenced with the conversion of an existing building, ahead of the installation of new state-of-the-art equipment for the manufacture of the latest generation Michelin Remix truck tyres.

Continue Reading

[ + ]