Michelin to expand business with 1,200 million Euros
Date:2010-09-30 Source:www.chinatrucks.com
(chinatrucks.com, Sep 30, 2010) Michelin has enforced the expansion plan to expand the finance resolution with 1,200 million Euros, especially the expansion of newly growing market.
Michelin hopes to get finance for the ambitious medium term increasing plan. The plan is including that sales volumes shall be increased 25% from now to 2015, and it will be increased 50% by 2020.
The company is to increase capacities in Brazil, China and India to 150,000 tonnages. Michelin is marching along the development trail of world leading auto manufactures, and auto manufacture is marching to newly increased market to search for faster increase.
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