Tag: Nicola Sturgeon

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.

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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.

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