Michelin to Invest over €20 Million in Poland by 2015


PARIS, France - Michelin, one of the world's largest tyre manufacturers, has announced it will invest at least PLN81 230 000 (approx. €20 million) by the end of 2015 at its manufactruing plant in Olsztyn, Poland, in the Warmia - Mazury Special Economic Zone.

The aim is to increase tyre output from 38,000 tons per year (about 447 000 units), to 50 thousand tons (about 588 000 units) in 2015, which will increase productivity by over 30%.
Michelin was granted the business activity permission in December 2010.

In Olsztyn Michelin plans to install a prototype of a tyre packaging machine which will be made in Poland and will effectively improve the quality and range of products manufactured in the facility. There are plans to introduce two other machines of the type if the first one proves successful.

Michelin's 'Ultraflex' tyres will be manufactured in Olsztyn using a new technology, with 95% of production to be exported to Western Europe and North America.

Michelin Polska is one of the biggest employers in the region of Warmia and Mazury, which usually suffers from high unemployment rate. The company said it will create 15 new jobs and keep hiring in the coming years, while maintaining its staff of 4,154.

Source: PAIIZ

Michaelin would like to incease tire output drastically