Michelin Intensifies Investment in Developing Markets
www.chinatrucks.com : Chairman of the French tire maker-Michelin said in Paris that the group will intensify their investment in the next one to two years, so as to expand their market shares in both the global market and developing markets.
Present at the financial journalists meeting of France, he said that Michelin will invest € 2 billion to 3 billion in the next two years until the group loosens investment in 2016.
In the first quarter of 2013, the sales revenue of Michelin is as low as € 4.88 billion, down 8.1% despite the group see sales increased in Asia and South America. Because Michelin was not performing well in markets of Europe and North America.
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