Michelin invests in raw material plants

Order Reprints

Michelin North America Inc. will invest $80 million over the next six years to upgrade equipment and increase capacity at its semi-finished production facilities in Sandy Springs and Starr, S.C.

Expansion work will begin immediately at the Starr facility, with almost half of the investment to be spent in 2006.

"As demand for Michelin tires continues to increase, these facilities play an increasingly crucial role in keeping our production lines running," says Jim Micali, chairman and president. "Anderson County has shown a pro-business attitude and has been a great source of talented employees for us for more than 30 years."

"Michelin has been an incredibly strong partner for South Carolina in our efforts to create jobs for our citizens," says Governor Mark Sanford. (The investment at the Starr facility will add 25 jobs.)

The Michelin investment and job growth is based on the approval by the Anderson County Council to amend an existing fee in lieu of tax agreement.

Related Articles

Raw material costs force Michelin to increase prices in Europe

Michelin will hike OE prices due to raw material costs

Pricing Environment Is Seen as Stable and In-Line With Raw Material Costs

You must login or register in order to post a comment.